DELL Aug 2024 130.000 put
| Previous close | 2.28 |
| Open | 6.59 |
| Bid | 6.20 |
| Ask | 7.40 |
| Strike | 130.00 |
| Expiry date | 2024-08-16 |
| Day's range | 6.59 - 10.33 |
| Contract range | N/A |
| Volume | |
| Open interest | 387 |
- Yahoo Finance Video
Dell: Nonlinear demand, chip supply curb our AI server growth
Shares of Dell Technologies (DELL) are still falling Friday despite surpassing top and bottom line expectations in its first quarter results. Dell Infrastructure Solutions Group President Arthur Lewis joins Market Domination to discuss the margin pressure weighing on the stock. Lewis highlights the "significant momentum" in the company's AI infrastructure business, noting that the company is on a continued growth trajectory. Dell anticipates growth in its server business for multiple quarters to come. Regarding the weak guidance outlook, Lewis explains, "While we have a significant backlog, a lot of demand is project-based and is also based on ... suppliers' ability to deliver." He adds, "It's really non-linear demand that might be a little difficult to forecast." For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Angel Smith
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Dell is seeing higher revenue from AI server sales but it's not leading to a corresponding increase in profits. Dell stock tanked on Friday.
