Dell shares fall despite growing AI server business
Publishing timestamp: 2024-05-31 08:18:29
Summary
Dell reported first-quarter earnings that beat estimates, with strong sales in AI servers. However, shares fell over concerns that AI servers are not generating new profits. Dell's overall sales were up 6% and the company expects strong earnings and sales for the current quarter. Dell's division for PCs and laptops showed flat growth.
Sentiment: MIXED
Keywords: mobile, jensen huang, business news, michael dell, artificial intelligence, nvidia corp, earnings, dell technologies inc, business, technology, apple inc, breaking news: technology,
Source: https://www.cnbc.com/2024/05/30/dell-earnings-q1-2025.html