Reported 4 months ago
Dell Technologies Inc. saw its stock fall approximately 13% in premarket trading after its AI server sales revenue increase failed to meet investors' high expectations. The company reported a 6.3% rise in sales to $22.2 billion, with AI server revenue more than doubling to $1.7 billion. Dell raised its revenue outlook for the fiscal year ending in February 2025, but analysts noted that the results did not meet the elevated expectations, causing the stock to drop significantly.
Source: YAHOO