Shares in Dell Technologies Inc rose 22.2 per cent and hit a record high on Friday after it raised full-year financial forecasts with boosts from artificial intelligence and stabilizing demand for computer hardware after a months-long slump.
"Results and guidance corroborated the improving order trends in the broader enterprise vertical" said JPMorgan analyst Samik Chatterjee, in a research note. Dell reported second quarter revenue and EPS above analyst estimates. Servers and networking revenue rose 11 per cent from the first quarter to $4.27 billion, driven by higher demand for AI-optimized servers, Dell said.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Technology Technology Latest News, Technology Technology Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dell raises full-year forecasts on AI strength, demand recoveryDell Technologies raised its full-year forecast for revenue and profit on Thursday (Aug 31), as it benefited from the artificial intelligence (AI) boom and stabilizing demand for computer hardware and server products after a months-long slump. Shares of the Round Rock, Texas-based company rose 8 per cent i
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
China lets Baidu, others launch ChatGPT-like bots to public, tech shares jump:Four Chinese tech firms including Baidu Inc and SenseTime Group on Thursday launched their artificial intelligence (AI) chatbots to the public after receiving government approval, as China's government pushes to widen the use of such products amid competition with the United States.Baidu, China's leading onl
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
China lets Baidu, others launch ChatGPT-like bots to public; tech shares jumpBaidu said its AI chatbot Ernie Bot would be fully open to the public. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »