Reported 4 months ago
Despite Dell Technologies reporting better-than-expected Q1 earnings and revenue of $22.24 billion and $1.27 per share respectively, the company's stock fell by 8% in after-hours trading. Dell's Infrastructure Solutions group, particularly its AI servers segment, outperformed estimates, with revenue of $9.23 billion. However, the stock's decline may be attributed to high investor expectations, as Dell's stock had surged over 120% year-to-date, trading at a higher multiple compared to previous reports. The company's connection with NVIDIA and its role in the AI market were also highlighted.
Source: YAHOO