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Tag: Dell Technologies

US stocks: Dell shares rise 17% to hit three-month high as AI server revenue is forecast to double
Stock Market

US stocks: Dell shares rise 17% to hit three-month high as AI server revenue is forecast to double

Shares of Dell Technologies rose 17.5% on Friday after the company forecast that revenue from its AI server business will double in fiscal 2027, underscoring rising demand for artificial intelligence infrastructure.Investors also cheered the PC maker’s plans for a 20% increase in dividends and an additional $10 billion share buyback program. Dell shares rose to […]

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Wall Street ends higher on growing expectations for the Fed’s December rate cut
Stock Market

Wall Street ends higher on growing expectations for the Fed’s December rate cut

Wall Street continued its rally on Wednesday as renewed technological strength and the increasing likelihood of a US Federal Reserve rate cut in December put investors in a buying mood the day before Thanksgiving. All three major U.S. stock indexes posted their fourth consecutive daily gain, as investors ignored concerns about inflated technology valuations that […]

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