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Dell shares soar 15% after beating earnings expectations, cites rising demand for AI servers - TL;DR CNBC

Dell shares soar 15% after beating earnings expectations, cites rising demand for AI servers

Publishing timestamp: 2024-02-29 17:06:19


Summary

Dell Technologies' shares rose over 15% in extended trading after beating analysts' expectations in Q4 results, increasing annual dividend, and showing strong demand for AI servers. Revenue was $22.32 billion, net income up 89%, and company expects to return to growth in fiscal 2025.


Sentiment: POSITIVE

Tickers: DELL

Keywords: earningsenterprisebreaking news: technologybusiness newsdell technologies incartificial intelligence

Source: https://www.cnbc.com/2024/02/29/dell-shares-soar-20percent-after-beating-earnings-expectations-cites-rising-demand-for-ai-servers.html


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