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Dell rallies about 40% on strong Nvidia‑powered AI server demand
Reuters68d agobullish
Dell rallies about 40% on strong Nvidia‑powered AI server demand

Shares of Dell Technologies soared nearly 40% in premarket trading on Friday, after robust demand for its Nvidia-powered ‌AI servers prompted the company to raise its annual revenue ‌and profit forecasts. Dell has benefited significantly from data center investments by Alphabet and Amazon, as well as price increases and improved supply chain management. On Thursday, Dell ‌raised its annual revenue forecast ⁠to $165 billion to $169 billion from $138 billion to $142 billion, and said it now expects AI server revenue of about $60 ⁠billion in fiscal 2027, up from $50 billion.

Navellier to SpaceX buyers: wait for escape velocity
TheStreet68d agobullish
Navellier to SpaceX buyers: wait for escape velocity

While it seems like every retail investor on the planet is going to be fighting over SpaceX shares on initial public offering (IPO) day, I believe this is a classic wait-and-see. Further, aerospace suppliers might be a better way to profit from the SpaceX IPO craze than a direct investment in ...

Dell raises annual forecasts as AI data center buildout fuels demand
Reuters68d agobullish
Dell raises annual forecasts as AI data center buildout fuels demand

Dell boosted its annual revenue and profit expectations on Thursday, showing data center expansion by clients is ‌fueling demand for its AI-optimized servers that are powered ‌by Nvidia's powerful chips. U.S. tech giants including Alphabet and Amazon plan to spend over $700 ​billion on AI infrastructure this year, which would drive up demand for server and data center equipment from suppliers such as Dell and Super Micro Computer. These AI servers are critical for powering services such as ‌ChatGPT, as they are ⁠equipped with advanced memory chips to store data and instructions, providing the immense computing power required for such ⁠applications.

Best Buy Surges on Earnings. Its 5% Yield Looks Even Better
Barrons.com69d agobullish
Best Buy Surges on Earnings. Its 5% Yield Looks Even Better

Best Buy is known for its laptops and smartphones. Best Buy stock surged nearly 17% Thursday after the electronics chain reported first-quarter operating earnings of $1.28 a share, up from $1.15 a year earlier—helped by higher margins and a 2% bump in same-store sales. Best Buy, meanwhile, stoked the uncertainty further when it announced in April that CEO Corie Barry would step down Oct. 31, to be replaced by longtime company veteran Jason Bonfig.

Snowflake’s Stock Rally Shows It’s Not All Doom and Gloom for Software in the AI Era
The Wall Street Journal69d agobullish
Snowflake’s Stock Rally Shows It’s Not All Doom and Gloom for Software in the AI Era

Remember the ‘SaaSpocalyse,’ the period on Wall Street this year when traders panicked that AI would displace software companies? The move follows strong earnings results from Snowflake yesterday, during which the company issued better-than-expected annual guidance and said it is seeing increasing demand for its artificial intelligence tools. It's an example of how some software companies are adapting to the AI revolution.

Snowflake Stock Jumps After Amazon Chip-Deal Report
The Wall Street Journal69d agobullish
Snowflake Stock Jumps After Amazon Chip-Deal Report

Shares in Snowflake soared 30% after the market closed Wednesday following a Wall Street Journal report that Amazon Web Services has signed up the cloud-storage company as its latest chips customer. Snowflake, whose shares have bounced back of late after a slump earlier this year, also reported quarterly earnings on Wednesday.

Reuters71d agobullish
Exclusive-European companies set to receive two thirds of future mobile satellite spectrum, rest for non-EU firms, sources say

The European commission ‌is set to ‌allocate two thirds of ​lucrative mobile satellite spectrum to European companies, with the rest ‌available ⁠for non-European rivals such as Elon ⁠Musk's Starlink and Amazon's low-earth-orbit ​satellite business ​Leo, ​people with direct ‌knowledge of the matter said on Tuesday. The EU executive will next year allocate ‌mobile satellite ​spectrum currently ​used ​by American ‌companies Viasat and EchoStar ​and ​which is due to expire in ​May ‌2027.

Maybe investors can wait to buy SpaceX after IPO: Lee Munson
Yahoo Finance Video75d agobullishVIDEO
Maybe investors can wait to buy SpaceX after IPO: Lee Munson

Elon Musk's private space operator, SpaceX (SPAX.PVT), released its S-1 filing this week as it plans to go public via IPO in June. The Wall Street Journal has reported that AI developer OpenAI (OPAI.PVT) is preparing to file for its own mega-IPO. As investors anticipate this mega-IPO, should they be equally cautious as they are bullish on these companies ? Portfolio Wealth Advisors president and CIO Lee Munson, Yahoo Finance Markets and Data Editor Jared Blikre, and Senior Business Reporter Ines Ferré weigh in on the wave of upcoming IPOs.

Nvidia Earnings Can Affirm Chip Stock Rally or Spur Market Chaos
Bloomberg77d agobullish
Nvidia Earnings Can Affirm Chip Stock Rally or Spur Market Chaos

(Bloomberg) -- For much of the year, chip stocks have been powering the market higher. Now, Nvidia Corp.’s earnings have a chance to confirm that the rally has more room to run — or add another brick to investors’ wall of worry.Most Read from BloombergUS Lawmakers Plan New $130 Fee for Electric Vehicle OwnersNATO Is Starting to Consider Hormuz Mission to Protect ShipsHasbro Cancels Dungeons & Dragons Game From ‘Star Wars’ VeteranUS 30-Year Yield Hits Highest Since 2007 as Selloff DeepensBilliona

Shopify vs Amazon. One Just Beat Earnings by 60% at a Third of the Multiple. The Choice Is Clear
24/7 Wall St.78d agobullish
Shopify vs Amazon. One Just Beat Earnings by 60% at a Third of the Multiple. The Choice Is Clear

Shopify (NASDAQ: SHOP) and Amazon (NASDAQ: AMZN) just reported earnings that frame two opposite philosophies in commerce. Shopify arms independent merchants with payments, software, and AI tools. Amazon owns the marketplace, the warehouses, the ad network, and increasingly, the chips powering generative AI. Both quarters were strong. The question is which model converts that strength ... Shopify vs Amazon. One Just Beat Earnings by 60% at a Third of the Multiple. The Choice Is Clear

Volatile Chipmaker Stocks Emerge as Key Driver of S&P 500 Rally
Bloomberg80d agobullish
Volatile Chipmaker Stocks Emerge as Key Driver of S&P 500 Rally

(Bloomberg) -- Shares of chipmakers are increasingly dominating the S&P 500 Index, powering stocks to record highs while stirring concerns over the rally’s durability. Most Read from BloombergWinners and Losers From Trump and Xi’s Beijing Summit TalksHormuz Oil Flows Creep Higher as More Supertankers ExitUS, Iran Stall on Hormuz Reopening as Oil Supplies TightenTrump Gets Revenge on Republican Who Voted to Convict HimHow Keir Starmer Imploded and Plunged Britain Into More ChaosA selloff on Frida

Amazon doubles down on fast delivery to beat rivals
TheStreet82d agobullish
Amazon doubles down on fast delivery to beat rivals

Amazon has spent years training shoppers to expect packages to arrive faster and faster. Now, the retail giant is pushing that promise even further through its ultra-fast delivery service and plans to expand it to even more cities in the near future. The new rollout brings Amazon deeper into a ...