Dell Stock Jumps Nearly 20% on Revenue Beat Driven by AI …

Feb 29, 2024 · Dell shares jumped nearly 20% in extended trading Thursday after the company reported revenue that beat estimates, driven by gains in its server segment as artificial …

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Dell Stock Jumps Nearly 20% On Revenue Beat Driven By AI …

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Feb 29, 2024 · Dell shares jumped nearly 20% in extended trading Thursday after the company reported revenue that beat estimates, driven by gains in its server segment as artificial …

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Dell Soars As Strong AI Server Demand Aids Q4, Outlook; Unveils …

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Feb 29, 2024 · Dell Technologies Non-GAAP EPS of $2.20 beats by $0.48, revenue of $22.32B beats by $150M 4 stocks to watch on Thursday: Chemours, Dell and more Recommended For …

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Dell Soars To Record Fueled By Excitement For AI Prospects

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Mar 1, 2024 · A sequential increase in sales from the previous period was “driven primarily by AI-optimized servers,” Dell said Thursday, though the unit’s total revenue declined 6% from the …

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Dell Shares Soar As Annual Forecast Gets A Boost From AI Adoption

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Mar 1, 2024 · Dell's revenue fell less-than-expected to $22.32 billion in its fourth quarter, while adjusted per share profit of $2.20 topped expectations of $1.73, according to LSEG data.

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Dell's Big Quarter, Fueled By Surge In AI-server Demand, Sends …

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Mar 1, 2024 · AI-server demand and a rebound in PC sales in late 2024 should lead to growth of 3% to 5% in fiscal 2025, Dell executives said. They forecast fiscal 2025 annual sales of $91 …

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Dell Stock Surges On AI Optimism -- Is Dell A Best Buy Now?

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Sep 9, 2023 · Dell COO Jeff Clarke said generative AI represented 20% of total server revenue in Q2, implying about $860 million in AI sales (20% of Dell's $4.3 billion from server and …

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Dell's Profit, Margin Hurt By Higher AI Costs, Shares Slump

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May 30, 2024 · Dell's stock has more than doubled this year and hit a record high earlier this week. It forecast second-quarter revenue between $23.5 billion and $24.5 billion, versus an …

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Dell’s Big Quarter, Fueled By Surge In AI-server Demand, Sends …

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Feb 29, 2024 · Dell’s big quarter, fueled by surge in AI-server demand, sends stock soaring 19% Dell raises its annual cash dividend by 20% Last Updated: Feb. 29, 2024 at 8:17 p.m. ET First …

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Dell Sees AI-server Boom Gain More Steam, But Overall Revenue …

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4 days ago · Dell's stock was off 5% in after-hours action Tuesday. ... While Dell beat expectations on infrastructure solutions revenue, it came up short on the top line in its client …

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Dell Stock: AI Computer Sales Fuel Dell’s Q2 Results | Investor's ...

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Aug 30, 2024 · Dell Stock Rises After Report. On the stock market today, Dell stock rose 4.3% to close at 115.54. Dell's Infrastructure Solutions Group posted record revenue of $11.65 billion, …

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Amid Booming AI Server Sales, Dell Stock Rallies Furiously Ahead …

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AI sales are part of Dell's Infrastructure Solutions Group (ISG), which makes servers and systems for data centers. It's Dell's fastest-growing unit. Total ISG revenue grew 38% to $11.65 billion.

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FAQs about Dell Stock Jumps Nearly 20% on Revenue Beat Driven by AI … Coupon?

Did Dell beat analyst estimates on demand for AI servers?

Dell Technologies ( DELL) reported first-quarter revenue and earnings that beat analysts' estimates on surging demand for artificial intelligence (AI) servers, though shares tumbled over 17% in extended trading Thursday as Dell's results failed to impress. ...

Why did Dell's stock rise 16% in after-hours trading?

(Reuters) -Dell Technologies forecast annual revenue and profit above Wall Street estimates on Thursday, betting on demand for its artificial intelligence servers, sending the company's shares up more than 16% in after-hours trading. ...

How has AI affected Dell's business?

Dell's servers and networking revenue reached $4.9B, mainly due to the demand for AI-optimized servers. AI-optimized servers have contributed significantly to Dell's business. Jeff Clarke, Dell's Chief Operating Officer, stated, "We have positioned ourselves well in AI. We have already started to benefit from the momentum we’re seeing. PCs will become even more essential as most day-to-day work with AI will be done on the PC. ...

Why did Dell Technologies stock hit a record high on Friday?

(Reuters) -Dell Technologies shares surged 25% to hit a record high on Friday, following an upbeat annual forecast that indicated the tech equipment maker was benefiting from the AI boom. The stock climbed to $118.8, and was set to add $17.7 billion to the company's market value and on track to register its best intra-day performance. ...

Why did Dell (Dell) shares surge 20% in after-hours trading?

Dell Technologies (DELL) shares surged nearly 20% in after-hours trading Thursday as the company's quarterly results highlighted the Nvidia (NVDA) partner's position to gain amid the artificial intelligence (AI) boom. ...

Is Dell stock up again after beating financial expectations?

Dell stock is up again after handily beating financial expectations in the second quarter. Dell's recent jump is largely due to a big boost from AI servers. However, investors should tread lightly before chasing the AI hype. You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. ...