Gap Lowers Sales Outlook; Dell Soars on AI Demand | Stock Movers
On this episode of Stock Movers with Alexis Christoforous:
- Dell (DELL) shares are soaring after the company gave an outlook for annual sales that far surpassed analysts’ estimates, fueled by demand for servers that power artificial intelligence work.
- Gap (GAP) shares plunged after the company lowered its sales outlook due to struggles with its product mix.
- NetApp (NTAP) shares jumped after the data storage provider reported its latest earnings.
Analyst say the report is a strong print from the company, showing strong growth, with upgrades to consensus expected. (Source: Bloomberg)
- Dell forecasts FY 2027 revenue of $165B-$169B as AI server revenue outlook rises to $60B midpoint Seeking Alpha —
- Dell CFO Kennedy Sees AI Server Demand Driving Sales Growth Bloomberg —
- AI server demand drives staggering revenue growth for Dell and its stock soars SiliconANGLE —
- Dell CFO Kennedy Sees AI Server Demand Driving Sales Growth 📹 Bloomberg — · 6min
- Dell lifts forecasts as AI data center buildout fuels demand, shares soar - Reuters Reuters —