Dell shares rise as AI server demand boosts results, forecasts

Quick Summary:

:Shares of Dell Technologies rose 4 per cent on Friday, after robust demand for its artificial intelligence-powered servers prompted the company to raise its full-year earnings and revenue forecasts.

At least three brokerages raised their price targets after the results.

The stock has a median target price of $155, with 19 of the 22 analysts rating it "buy" or higher, according to LSEG data.

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Category: EconomyBusiness

Markets: Singapore

Topics: Servers Technologies Dell York Stock Demand Rose Revenue Cent Billion Company

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-30 @ 19:30:27 (1 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 360 words

Reading Time: 2 minutes read

Sentences: 14 lines

Sentence Length: 26 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 22308503

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