Tech firms Dell Technologies Inc (NYSE:DELL) and Hewlett Packard Enterprise Co (NYSE:HPE) are both in focus following their respective earnings reports, though one is faring much better than the other today. Dell Technologies stock hit record highs after the use of artificial intelligence (AI) boosted the company's annual forecast. The computer maker also topped fourth-quarter earnings and revenue estimates, with Morgan Stanley adding DELL to its "top picks" list while also raising its price target to $128 ...

ToplineShares of Dell Technologies skyrocketed Friday after the computing company topped Wall Street’s expectations for earnings on the back of its growing artificial intelligence unit, sending the legacy company’s stock to a record level. Dell's billionaire CEO Michael Dell speaks at a conference last month.NurPhoto via Getty Images Key FactsDell’s stock jumped almost 40% to over $130 shortly after market open, registering its highest share price and what would be its largest single-day gain since this ite ...

Stock futures were little changed in premarket trading on Friday as Dell (DELL) stock surged on demand for AI servers and New York Community Bank (NYCB) tumbled after replacing its CEO amid concerns about its loan portfolio. Dell said AI-optimized server orders jumped nearly 40% in the fourth quarter, highlighting the computing pioneer's opportunity to gain from artificial intelligence investment. New York Community Bank delayed a regulatory filing, citing an assessment that found "material weaknesses in t ...

Disclosures SPIN-OFF OF VMWARE, INC. • Delivered Revenue of $88.4B; Diluted EPS of $4.36, & non-GAAP diluted EPS1 of $7.13 • Reached our 1.5x core leverage ratio2target exiting the fiscal year • Projected growth in unstructured data from AI should benefit our industry-leading storage business 3 Copyright © Dell Inc. All Rights Reserved. 1 See supplemental slides in Appendix B for reconciliation of non-GAAP measures to their most directly comparable GAAP measures. 2 See footnote 5 on slide 16 for definition ...

Samik Chatterjee Yes, thanks for taking the question and congrats on the good results. I guess getting away from maybe the AI because I'm sure a lot of people are focused there, but I'm curious in your comments on the traditional server market. I know some of the Gartner data suggests we're still seeing overall units down quite a bit on a yearover-year basis and servers offset by AI. But what's giving you the confidence or the visibility that you're starting to see the traditional server market recover? And ...

Dell Technologies (DELL) reported $22.32 billion in revenue for the quarter ended January 2024, representing a year-over-year decline of 10.9%. EPS of $2.20 for the same period compares to $1.80 a year ago.The reported revenue represents a surprise of +0.84% over the Zacks Consensus Estimate of $22.13 billion. With the consensus EPS estimate being $1.73, the EPS surprise was +27.17%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to d ...

Dell Technologies (DELL) came out with quarterly earnings of $2.20 per share, beating the Zacks Consensus Estimate of $1.73 per share. This compares to earnings of $1.80 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 27.17%. A quarter ago, it was expected that this computer and technology services provider would post earnings of $1.47 per share when it actually produced earnings of $1.88, delivering a surprise of 27.89%.Over ...

Key TakeawaysDell shares surged after the company posted fourth-quarter revenue for the 2024 fiscal year that beat estimates, driven by gains in its server segment as artificial intelligence (AI) demand booms.The company's fourth-quarter revenue at $22.3 billion beat analyst estimates, while net income at $1.16 billion was slightly below estimates compiled by Visible Alpha.Dell's Infrastructure Solutions Group grew 10% from the previous quarter as AI-optimized server orders jumped nearly 40%.Analysts have s ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

In this articleA Dell Technologies flag outside the company headquarters in Round Rock, Texas, Feb. 6, 2023.Shares of Dell popped more than 18% in extended trading Thursday after the company released fourth-quarter results that beat analysts' estimates on top and bottom lines.This is breaking news. Please check back for updates. ...