What's Going On With Dell Technologies Stock Today?
Portfolio Pulse from Adam Eckert
Dell Technologies Inc (NYSE:DELL) shares are moving lower in possible sympathy with Super Micro Computer Inc (NASDAQ:SMCI), which reported mixed fourth-quarter financial results. Super Micro's earnings fell short of estimates, and the company announced a 10-for-1 stock split. Dell, a main competitor of Super Micro, is set to report its financial results on Aug. 29.
August 07, 2024 | 4:33 pm
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NEUTRAL IMPACT
Nvidia, a supplier for both Dell and Super Micro, may see indirect impacts from the performance of its partners. However, the article does not provide specific details on Nvidia's stock movement.
While Nvidia supplies chips to both Dell and Super Micro, the article does not provide specific information on how Nvidia's stock is affected. The impact is likely indirect and less pronounced.
CONFIDENCE 60
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
Dell Technologies shares are down 4.75%, possibly in sympathy with Super Micro's mixed Q4 results and stock split announcement. Dell is set to report its own earnings on Aug. 29.
Dell's stock is likely reacting to Super Micro's disappointing earnings and stock split news, as both companies are direct competitors in the AI server market. Investors may be cautious ahead of Dell's own earnings report.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Super Micro's shares fell nearly 17% after reporting mixed Q4 results, with earnings missing estimates. The company announced a 10-for-1 stock split and provided optimistic revenue guidance.
Super Micro's stock dropped significantly due to earnings missing estimates, despite revenue being in line. The stock split and optimistic revenue guidance did not offset the negative sentiment from the earnings miss.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100