DELL ANNUAL FORECASTS
Hewlett Packard surges over 12% as AI-server demand powers strong results
Analysts at Bernstein said this suggests potential for HPE and peer Dell Technologies to have "very strong shipments over the next quarter or two as they deliver on backlog", but it depends upon customers being willing to take deliveries earlier.
Dow has best daily gain for year; indexes up sharply for May
The Dow and S&P 500 closed higher on Friday with the Dow notching its biggest daily percentage gain since November 2023. The Nasdaq ended slightly lower. The New York jury convicted former President Donald Trump of falsifying documents to cover up a hush money payment to a porn star.
S&P 500, Nasdaq drop as investors weigh Fed moves after inflation data
At 11:29 a.m. ET, the Dow Jones Industrial Average had risen 57.67 points (0.15%) to 38,169.15. Meanwhile, the S&P 500 had fallen 26.62 points (0.51%) to 5,208.86, and the Nasdaq Composite had dropped 206.02 points (1.23%) to 16,531.06. Investors are anticipating comments from Raphael Bostic, President of the Atlanta Federal Reserve and a voting member of the Federal Open Market Committee, later in the day.
Dell shares slump 18% as heavy AI investments expected to dent margin
Dell's stock is projected to lose over $21 billion in market value, despite having experienced a remarkable 80% surge earlier this year. The company, like many others, has made significant investments in advanced server hardware to accommodate the growing demand for complex artificial intelligence processing.
Nasdaq falls 1%; Salesforce shares weigh on tech
Nasdaq dropped due to tech and communication services sector declines, and slower Q1 growth per Commerce Dept. report.
Super Micro Computer rides AI server boom to join S&P 500
Super Micro Computer, which joins the S&P 500 on Monday, enjoys a rare advantage among server makers that are trying to tap the generative AI boom - close ties with Nvidia that help it launch products faster than rivals Dell and Hewlett Packard Enterprise.
- Go To Page 1
Wall St see-saws after rally on AI boost, inflation relief
The S&P 500 energy sector was the top sectoral performer with a 1.1% rise, as crude prices got a lift. "Now that we've gotten through the PCE (report), investors are willing to sit on the sidelines a little bit today," said Paul Nolte, senior wealth advisor and market strategist for Murphy & Sylvest.
Dell soars 25%, hits record high as annual forecast gets AI boost
Dell Technologies surged 25% to hit a record high on Friday, following an upbeat annual forecast that indicated the tech equipment maker was also benefiting from the AI boom.
Dell forecasts upbeat fiscal 2025 on AI server demand
Dell is a beneficiary of rising demand for its AI servers that are equipped with chip designer Nvidia's graphics processing units (GPUs), which helps to meet the demands of high-performance computing.
S&P, Nasdaq end at records as inflation data supports rate cut view
Dell Technologies, which sells AI-optimized servers made with Nvidia's high-end processors, rose 1.51% ahead of its report after the bell.
S&P 500 ends higher as jobs data fuels rate-hike optimism
Walt Disney dropped 2.4% and Charter Communications fell 3.6% after the companies traded salvos over an unresolved distribution agreement after several channels, including ESPN, went dark on Thursday for customers of Charter's Spectrum cable service.
Dell shares hit record high after annual forecasts impress with AI in mix
Dell reported second quarter revenue and EPS above analyst estimates. Servers and networking revenue rose 11% from the first quarter to $4.27 billion, driven by higher demand for AI-optimized servers, Dell said.
S&P 500, Nasdaq fall as jobs data boost fades; streaming firms weigh
The Labor Department's report showed the unemployment rate rose to 3.8% last month while wage growth slowed. Nonfarm payrolls rose more than expected, though data for July was revised lower to 157,000 job additions. US stocks got a boost from the report on hopes that the data would allow the Federal Reserve to pause its monetary tightening
Dell raises full-year forecasts on AI strength, demand recovery
The company is expected to see a demand boost for its PowerEdge servers and generative AI designs with Nvidia from rising investments in artificial intelligence by Big Tech companies.
More exits at Freshworks; HR, marketing heads quit
Chief human resources officer Suman Gopalan and chief marketing officer Stacey Epstein are leaving the firm, the company said in a statement on Monday. While Gopalan spent a little over 5 years with the firm, Epstein was with Freshworks for over nearly 2.5 years.
Leading laptop companies to make their product in India
The government has fixed August 30 as the last date for manufacturing IT hardware under Rs 17,000-crore PLI scheme.
Infosys Q1 net profit jumps 11% to Rs 5,945 crore; Fresh layoffs begin at Dunzo
The company sharply cut its FY24 revenue growth estimate on the back of an uncertain global environment. Infosys now sees revenue growing just 1-3.5% in constant currency terms, against 4-7% earlier.
Layoffs in 2023: Microsoft, Cognizant, Accenture among latest firms to cut jobs amid economic turmoil
The layoff wave has swept not only startups and mid-sized firms, but also big tech companies such as Amazon, Microsoft, and Google parent Alphabet, among others.
HP misses revenue estimates as inflation saps PC demand
Companies such as HP, Lenovo and Dell Technologies have seen demand ease from peaks hit during the pandemic, when work-from-home trends had driven up sales of laptops and other electronic devices.
Tata to infuse $2 billion into super-app Neu; tech firms slashed over 1.5 lakh jobs this year
Tata Group is planning to infuse another $2 billion into its super app venture Tata Neu, news agency Bloomberg reported, citing people familiar with the matter. This and more in today’s edition of ETtech Top 5.
Wall Street rallies, snaps longest weekly losing streak in decades
The market has now discounted a lot of the negative news, a lot (of which) hit all at once," said Keith Buchanan, portfolio manager at GLOBALT in Atlanta. "Now we have absorbed that news and the actions the Fed is going to take, and we’re wrapping up earnings season.
Renewables evolution or revolution? Pace of tech investments will decide
"The 2020s have to be a decade of innovation and early deployment - of low-carbon hydrogen - to get costs down," said Tim Gould, head of division for energy supply outlooks and investment at the International Energy Agency (IEA).
Laptops, desktop sales see 'renaissance;' shortages won't ease until 2022
Remote learning and working has upturned the computer market during the coronavirus pandemic, zapping sales of smartphones while boosting interest in bigger devices, which had become afterthoughts to iPhones and Androids over the last decade.
India's external storage market declines 14.8% in Q3 FY2020: IDC
The decline was largely on account of a decrease in spending from professional services, government and manufacturing organisations during the quarter.
Tech powers S&P 500 to record closing high, Dow now positive for the year
All three major U.S. stock indexes ended the week higher than last Friday's close, marking the fifth consecutive weekly gains for the S&P and the Nasdaq.
Fear of 2008 is still one of the sentiment drivers of global markets: Morgan Housel
“Investor should temper their expectations for returns given how long a bull run has gone on.”
Enterprise becomes the next tablet frontier as Apple and Microsoft eye productivity
While the iPad is still the reigning tablet leader, Apple revealed sales of its tablets continue to decline in an earnings call late Tuesday.
Tablets will not kill desktops and laptops: Google's Sundar Pichai
Despite iPad's growth taking sheen off PCs and & Gartner forecasting uncertain future for laptops vis-a-vis tablets, Google is focused on Chrome OS.
iPad's runaway success impacts PC sales; HP, Dell sales fall
HP's consumer PC sales plunged 23% last quarter, and the company lopped $1 bn off its annual sales forecast while Dell sales to consumers drop 7.5%; analysts see worse coming.
Load More
