Reported about 10 hours ago
Dell Technologies experienced a significant drop in stock price, falling around 12% after the company warned that AI spending growth 'will not be linear.' Although interest in Dell's AI server products is high, the company reported a decline in AI server revenues and a lowered full-year revenue forecast for fiscal year 2025. Analysts cited slower recovery in the PC market and delays in the availability of Nvidia's AI chips as contributing factors.
Source: YAHOO