Nvidia Leads the Charge Shares of technology companies surged amid signs that the AI boom is gathering momentum. Nvidia shares leapt by more than 15% after the chip maker forecast burgeoning growth for its artificial-intelligence supporting semiconductors. Gains for Nvidia have amounted to more than 60% for the year to date. On Thursday, Nvidia added $276.7 billion in market … [Read more...] about AI Stocks Surge in Tech Sector
Dell Technologies
Dell Technologies Stock Surges After Impressive Earnings Report
Dell Technologies stock hit a new high on Friday following positive earnings, potentially boosting Nvidia and Advanced Micro Devices (AMD), both of which provide servers for Dell. Stock Performance Dell stock surged by 26% to $119.59 at market open. Nvidia and AMD also saw increases, rising by 1.4% and 2.3%, respectively. Analyst Insights According to Melius Research analyst … [Read more...] about Dell Technologies Stock Surges After Impressive Earnings Report
Dell Expects Steady Revenue and Profit Growth
In a recent meeting with securities analysts in New York, Dell Technologies reiterated its annual revenue growth expectations of 3% to 4%. Additionally, the PC and enterprise-hardware company raised its adjusted profit growth target to 8% or better, up from a previous forecast of 6%. This upward revision reflects Dell's confidence in its performance. The company also announced … [Read more...] about Dell Expects Steady Revenue and Profit Growth
Dell Technologies: Analyst Upgrades Rating on Improving Demand
Analyst Louis Miscioscia from Daiwa Capital Markets has raised his rating on computer maker Dell (ticker: DELL), citing improving demand. In a research note, Miscioscia upgraded shares of Dell to Outperform from Neutral and increased his price target to $80 from $50, implying a gain of 16% from the stock's closing price on Monday. According to Miscioscia, the demand slowdown … [Read more...] about Dell Technologies: Analyst Upgrades Rating on Improving Demand
Dell Technologies Posts Better-Than-Expected Q2 Results
Dell Technologies had an impressive second quarter, exceeding expectations in both its PC and enterprise infrastructure businesses. This positive news aligns with a wave of encouraging earnings reports from various technology sector companies, such as Salesforce.com, Okta, CrowdStrike, Ciena, and Hewlett Packard Enterprise. Notably, Dell's performance stands in stark contrast … [Read more...] about Dell Technologies Posts Better-Than-Expected Q2 Results
