Reported 4 months ago
Dell Technologies' stock took a significant hit as the company reported only modest growth in its first-quarter earnings and provided guidance for the rest of the year that fell short of expectations. Despite revenue rising 6% to $22.2 billion, with the Infrastructure Solutions Group experiencing substantial growth, the flat revenue from the PC-focused Client Solutions Group and a decline in adjusted earnings per share contributed to the stock dropping 19.6%. Dell's AI potential was overshadowed by underwhelming performance, leaving investors unexcited despite the company's potential in the AI sector.
Source: YAHOO