Table of Contents

• Dell

• Nvidia

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Economy & Finance

Dell

Dell exceeded Wall Street's expectations in its latest quarterly results, largely driven by an 80% surge in server sales, which contributed to an 85% increase in net income to $841 million. Revenue for the quarter rose 9% to $25.06 billion, surpassing forecasts. Despite this strong performance, Dell's stock dipped slightly after the company revised its full-year revenue guidance upwards to between $95.5 billion and $98.5 billion. The company saw significant growth in its Infrastructure Solutions Group, particularly in AI server sales, which nearly doubled. However, its storage business declined by 5%, and the Client Solutions Group, focusing on PCs, also saw a slight drop. Dell invested $1 billion in share repurchases and dividends during the quarter.

Technology

Nvidia

Nvidia's stock fell by around 6% on Thursday despite reporting strong second-quarter revenue growth of over 122% year-on-year, reaching more than $30 billion. The drop in share price is attributed to lofty market expectations that were not fully met, especially as Nvidia's gross margins slightly decreased and its projected revenue growth for the next quarter is expected to slow to 80%. Additionally, concerns over potential delays in the release of its next-generation Blackwell AI chip and a recent $50 billion stock buyback announcement were discussed during an earnings call. The decline in Nvidia's shares also impacted other semiconductor companies globally, including Samsung and Taiwan Semiconductor Manufacturing Co.

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