NYSE Earnings Reaction: DELL, HPQ, DE

Dell - Dell's stock is experiencing positive momentum due to an optimistic AI-powered outlook, despite being an underperformer year-to-date [2][3] - The company reported adjusted EPS of $2.59, exceeding expectations, while revenue was slightly below expectations at approximately $27 billion, compared to the anticipated $27.27 billion [2] - Dell raised its AI server shipment target to $25 billion and expects fourth-quarter revenue of $31.5 billion, significantly above Wall Street's consensus [3][4] - The data center segment saw a surge in demand for Nvidia-powered AI systems, contributing to the positive outlook [3] - Dell has resumed returning $1.6 billion to shareholders through buybacks and dividends, indicating financial strength [4] - Full-year revenue guidance has been boosted to $111.7 billion, up from $17 billion, reflecting strong momentum in AI infrastructure [4][5] HPQ - HPQ's stock is facing weakness following its latest results, primarily due to a cautious outlook rather than past performance [6] - The company reported adjusted EPS of $0.93, slightly beating expectations, with revenue of $14.6 billion, surpassing the forecast of $14.4 billion [6] - HPQ's cautious outlook is attributed to rising costs from new US trade rules and a significant increase in memory prices [7] - The company plans to reduce its workforce by 4,000 to 6,000 employees due to these rising costs and a soft printing market, where printer revenue fell by 4% [7][8] - The PC division showed some strength with an 8% rise, partly due to the transition from Windows 10 prompting consumer upgrades [8] Deere - Deere's shares are under pressure due to a weak outlook, despite a solid recent quarter with adjusted EPS of $3.93 and revenue of $12.39 billion, both beating expectations [10] - Concerns about future performance stem from tariffs and a weak agricultural cycle, leading to reduced large equipment purchases by farmers [11] - Although net income fell in double digits, management is optimistic about nearing the bottom of the farm equipment cycle, suggesting potential recovery ahead [12]