Dell Raises Full-Year Guidance, Shares Rise
Dell reported higher full-year guidance, sending its shares higher. CNBC covered the move and noted effects on related technology stocks.
CnbcDell raised its full-year revenue and earnings guidance after reporting quarterly results that exceeded analyst estimates. The company attributed the increase to stronger demand for servers used in artificial-intelligence data centers.
Dell shares rose more than 7 percent in after-hours trading following the announcement. Several other companies in the semiconductor and hardware supply chain also recorded gains during the same session. CNBC’s Kristina Partsinevelos reported that the laptop maker’s updated outlook contributed to the broader movement in AI-related equities.
Key Facts
Potential Impact
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Other semiconductor and hardware suppliers recorded intraday gains.
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Investors may review guidance from additional hardware makers in coming weeks.
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