Dell Stock Slides On Q1 Earnings: 'No Company Is Better Positioned Than Dell To Bring AI To The Enterprise'
Portfolio Pulse from Adam Eckert
Dell Technologies Inc (NYSE:DELL) reported Q1 earnings with revenue of $22.24 billion, beating estimates. Despite strong performance in AI-optimized servers, shares fell 12.93% in after-hours trading.
May 30, 2024 | 8:31 pm
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Dell Technologies reported Q1 revenue of $22.24 billion, beating estimates. Despite strong performance in AI-optimized servers, shares fell 12.93% in after-hours trading.
Dell's Q1 earnings beat estimates, but the lack of forward guidance and high expectations led to a significant drop in share price. The strong performance in AI-optimized servers was not enough to offset investor concerns.
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