Dell Technologies Shares Surge on Strong AI-Driven Earnings

Image source: Wikimedia Commons

Dell Technologies Shares Surge on Strong AI-Driven Earnings. 💻 The company shares rose 6.6% in premarket trading after reporting fiscal second-quarter revenue of $25 billion, beating expectations of $24.1 billion. Adjusted earnings were $1.89 per share, surpassing the $1.70 estimate. Strong demand for AI-powered servers contributed $3.2 billion in revenue, up 23% from the previous quarter, driving the company's impressive performance. Barron's reports.

🚗 GM-Shift: GM must face big class action over faulty transmissions. Reuters reports.

📱 iCompete: Huawei revenue jumps after eating Apple’s market share in China. Yahoo Finance reports.

🤝 OpenGovAI: OpenAI, Anthropic sign deals with US govt for AI research and testing. Reuters reports.

🔧 RecoverTech: CrowdStrike’s July quarter results bounce back from its software outage. MSN reports.

📶 NetFusion: Samsung shows interest in Nokia mobile networks assets. Yahoo Finance reports.

📊 GapEarnings: Gap beats earnings and revenue estimates. CNBC reports.

(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM Eastern Time)
Benzinga reports.

1. $BNRG: Brenmiller Energy
Total gain: +140.27%

2. $FCUV: Focus Universal
Total gain: +48.55%

3. $ZCAR: Zoomcar Holdings
Total gain: +21.49%

4. $EBS: Emergent BioSolutions
Total gain: +20.31%

5. $LUNR: Intuitive Machines
Total gain: +19.5%

The Evolution of Stock Exchanges

When investors discuss stocks, they mean those listed on major stock exchanges like the New York Stock Exchange (NYSE). It can be difficult for investors to imagine that the first stock exchange thrived for decades without a single stock being traded. The evolution of stock exchanges began in the Venetian states, settled in British coffeehouses, and finally ended with the NYSE and others around the globe.

📰 Read more

The closing price of the top three market percent gainers trading near or above $3 on August 29.

*All pricing and percent gains are based on regular market trading hours from 9:30am to 4:00pm Eastern Time

1. $BCDA: BioCardia
Total gain: +75.91%
The company announced that the Food and Drug Administration has cleared BioCardia to market the Morph DNA Steerable Introducer product family, in accordance with the general controls provisions of the Federal Food, Drug, and Cosmetic Act. Benzinga reports.

2. $LUCY: Innovative Eyewear
Total gain: +53.47%
The company announced that its Lucyd Lyte frames are now being sold on Target.com. In a major move to increase its US market presence, Innovative Eyewear's cutting-edge smart eyewear collection, specifically products from its flagship Lucyd brand, is available on Target.com. This partnership with one of the largest retailers in the United States represents a significant opportunity to bring the company's innovative products to millions of potential customers nationwide. Benzinga reports.

3. $SGLY: Singularity Future Technology
Total gain: +43.52%
The stock appeared to be moving on no notable news.

*Estimate and Actual numbers represent Earnings Per Share in US Dollars

MNSO: MINISO Group Holding
4Q 2024
Before Market Close
Estimate: 0.280
Actual: 0.280

FRO: Frontline
2Q 2024
Before Market Close
Estimate: 0.670
Actual: 0.620

TIGR: UP Fintech Holding
2Q 2024
Before Market Close
Estimate: 0.050
Actual: 0.033

“The biggest risk is not market volatility, but our own reaction to it.”

― Burton G. MalkielSourced in:
“A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing”, by Burton G. Malkiel, published in 2019