Dell Technologies (DELL)  stock has soared +32% following its strong Q4 results last Thursday which showed the IT solutions leader continues to gain an edge in its artificial intelligence offerings. The rally came as Dell is using Nvidia’s (NVDA)  AI-powered GPUs for its servers and is starting to join in on the chip giant’s incredible success.Correlating with higher demand and increased interest in enterprise AI, Dell’s stock has now skyrocketed +63% year to date to somewhat mirror Nvidia’s +74%. With that ...

Shares of Dell (NYSE:DELL) stock are up by about 30% after the company reported its fourth-quarter earnings and announced a dividend increase of 20% to $1.78 per share. Much of the gains are attributed to excitement over the company’s artificial intelligence (AI) services.During the quarter, Dell generated $22.32 billion in revenue, which declined by 11% year-over-year (YOY) but still beat the analyst estimate of $22.16 billion. Adjusted EPS was $2.20, which beat the analyst estimate of $1.73 as well.$9.3 b ...

Dell is having its best day since founder Michael Dell brought the company back to the stock market in 2018. Shares of the PC and server manufacturer surged 29% on Friday to $121.88, after the company posted fiscal fourth-quarter results that beat estimates. That tops the stock's 21% gain from Sept. 1, which followed a better-than-expected earnings report.For the latest quarter, Dell reported revenue of $22.32 billion, down 11% from the year-ago quarter but eclipsing the $22.16 billion analysts were expecti ...

Shares of computing company Dell Technologies (DELL 28.19%) skyrocketed on Friday after the company reported completed financial results for its fiscal 2024. As of 11:45 a.m. ET, Dell stock was up about 27% and hitting a new all-time high since it became a publicly traded company again in 2018.Artificial intelligence drives financial results for DellDell's fiscal year ended on Feb. 2, and the headline numbers in isolation weren't necessarily great. The company's net revenue fell 14% year over year. And its ...

Dell Technologies (DELL) reported non-GAAP earnings of $2.20 per share in fourth-quarter fiscal 2024, beating the Zacks Consensus Estimate by 27.17%. The bottom line increased 22% year over year.Revenues, on a non-GAAP basis, declined 11% year over year to $22.3 billion and beat the consensus mark by 0.84%. Recurring revenues increased 3% year over year to $5.8 billion.Product revenues fell 15% year over year to $16.14 billion. The company witnessed increased pricing pressure in the reported quarter.Service ...

Dell Technologies Inc. is becoming cool again, emerging as a beneficiary of the artificial-intelligence trend that has sent shares of chip stocks like Nvidia Corp. and Advanced Micro Devices Inc. soaring over the past year. Wall Street continues to look for AI plays that are already seeing the benefits of frenzied spending in their financial results. Dell DELL, +25.48% looks to be in that camp, disclosing $800 million in shipments of AI-optimized servers for the latest quarter, with orders for them up almos ...

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 ...