Dell Stock Falls as Earnings, Revenue Beat on Surging AI Server Demand Fails To Impress
Dell Technologies(DELL) Investopedia·2024-05-31 05:50
Key Takeaways Dell Technologies reported first-quarter revenue and earnings that beat analysts' estimates. Surging demand for artificial intelligence servers helped, boosting Dell's servers and networking revenue to a record high. However, Dell's operating income declined 14% from the same period the previous year. Shares of Dell dropped over 17% in extended trading Thursday following the release, as the company's results failed to impress. Dell Technologies (DELL) reported first-quarter revenue and earning ...