Reported about 9 hours ago
Dell Technologies Inc. saw a significant drop in its shares after reporting a decline in sales of AI servers and profit margins that fell short of analysts' expectations. The company's orders for AI servers totaled $5.6 billion in the second fiscal quarter, a steep drop from $12.1 billion in the previous quarter. Despite these challenges, Dell raised its annual outlook, reporting quarterly sales of $29.8 billion and profits per share that exceeded expectations, while also forecasting a $20 billion shipment of servers by fiscal year's end.
Source: YAHOO