Hedge Funds Increase Positions in Dell Technologies Inc.
Oppenheimer Asset Management Inc. increases position in Dell Technologies by 31.1% in 1st quarter, joining other hedge funds like Raymond James & Associates and Nordea Investment Management AB. CEO Michael S. Dell sells 139,419 shares at $136.18 per share.
Cerebras Systems Revolutionizes AI Model Training with Breakthrough Technology
Cerebras Systems announces a breakthrough in AI technology, promising faster and more efficient training for large AI models. This advancement addresses the growing demand for accelerated AI model training, enabling organizations to achieve unprecedented speed and efficiency. With the increasing complexity of AI models, Cerebras’ innovative approach streamlines the training process, paving the way for enhanced AI capabilities in sectors like healthcare and finance.
Midday Trading Session Sees Significant Movement in Stocks
Stocks in the midday trading session are showing significant movement today, with companies like Gap, MongoDB, and Dell Technologies making notable shifts. This volatility in the market reflects the ongoing changes and developments in the business world. Gap, a well-known retail company, has seen its stock price fluctuate as investors react to various factors influencing the retail sector. MongoDB, a leading database platform, is also experiencing movement as tech investors monitor the company’s performance and growth prospects. Dell Technologies, a prominent player in the technology industry, is another stock making waves today. As the company continues to innovate and expand its offerings, investors are closely watching its market performance. These fluctuations in stock prices highlight the dynamic nature of the market and the importance of staying informed about key developments in various industries. Investors and analysts are constantly analyzing market trends and company performance to make informed decisions about their investments. Overall, the midday trading session is providing valuable insights into the current state of the market and the factors driving stock movements. As companies like Gap, MongoDB, and Dell Technologies navigate challenges and opportunities, investors are closely monitoring their progress and adjusting their strategies accordingly.
Dell Technologies’ Shares Surge Over 15% After-Hours on Q4 Earnings Beat
Dell Technologies’ shares surged by over 15% in after-hours trading following the release of its fourth-quarter results for fiscal 2024. The company exceeded analysts’ expectations, particularly in the demand for its artificial intelligence servers. Key figures include earnings per share of $2.20 adjusted versus $1.73 expected by LSEG, and revenue of $22.32 billion as opposed to the anticipated $22.16 billion by LSEG. Despite a decrease in revenue from the previous year, Dell reported a net income of $1.16 billion, marking an 89% increase from the same period in the prior year. The company also announced a 20% increase in the annual dividend, now standing at $1.78 per share. Dell anticipates reporting revenue between $21 billion and $22 billion for its first quarter and expressed optimism about AI momentum and returning to growth for fiscal 2025.