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☆ These are the top tech picks of UBS for rest of year, including an Nvidia alternative
  + stars: | 2024-09-11 | by ( Sean Conlon | ) www.cnbc.com   time to read: +3 min
Some tech stocks are due for outperformance heading into year's end, according to UBS. Nvidia dragged other chip stocks down with it, with the VanEck Semiconductor ETF (SMH) suffering its worst day since March 2020. Wall Street is also bullish on the chipmaker, with 41 of the 50 analysts covering the name issuing a strong buy or buy rating, according to LSEG. In the IT hardware and electronics manufacturing services sector, UBS named Dell Technologies , given a PC refresh cycle and developing strength in AI optimized servers. UBS has a buy rating on the stock, and its target implies more than 48% upside from Tuesday's close.
Persons: chipmaker, Timothy Arcuri, Palantir, monetization Organizations: UBS, Nvidia, VanEck Semiconductor, Devices, AMD, Dell Technologies, DELL, P Global, Dell, Spotify
☆ Stocks making the biggest moves midday: Palantir Technologies, Summit Therapeutics, JetBlue Airways and more
  + stars: | 2024-09-09 | by ( Sean Conlon | ) www.cnbc.com   time to read: +2 min
Check out the companies making headlines in midday trading: Palantir Technologies , Dell Technologies — Palantir and Dell jumped 14% and nearly 4%, respectively, following the announcement after the bell Friday that both stocks would join the S & P 500 before the open on Sept. 23. Palantir is set to take American Airlines' spot, while Dell is going to replace Etsy. JetBlue Airways — The airline stock popped around 7% after Bank of America analyst Andrew Didora upgraded the firm to neutral from underperform. Cannabis stocks — Cannabis stocks moved higher after former President Donald Trump said in a Truth Social post that he will support legalizing adult marijuana use in Florida. A logo outside the Palantir Technologies pavilion ahead of the World Economic Forum in Davos, Switzerland, on Jan. 15, 2024.
Persons: Dell, Merck's, Andrew Didora, Didora, Arm's, Donald Trump, —, Alex Harring, Hakyung Kim, Yun Li, Jesse Pound, Michelle Fox, Stefan Wermuth Organizations: Palantir Technologies, Dell Technologies, American Airlines, Etsy, Therapeutics, Merck, JetBlue Airways —, Bank of America, JetBlue, Boeing, Citi, Federal Reserve, Arm Holdings, Financial, Apple, Monday, United States Steel, JPMorgan, Nippon Steel, Tilray Brands, Cannabis ETF, Economic, Bloomberg, Getty Locations: Florida, Davos, Switzerland
☆ Stocks making the biggest premarket moves: Boeing, Dell, Merck and more
  + stars: | 2024-09-09 | by ( Michelle Fox | ) www.cnbc.com   time to read: +2 min
MarineMax — Shares jumped 6% after Citi upgraded shares to buy from neutral. Palantir Technologies , Dell Technologies — Shares of Palantir and Dell rallied 8% and 5%, respectively, after it was announced postmarket Friday that the stocks would join the S & P 500 index. Palantir will replace American Airlines , while Dell will replace Etsy . Summit shares soared more than 30%. United States Steel — Shares moved about 3% higher after JPMorgan upgraded the industrial stock to overweight from neutral.
Persons: Merck, Summit, —, Jesse Pound, Hakyung Kim, Sarah Min, Sean Conlon Organizations: Boeing —, Citi, Technologies, Dell Technologies, Dell, American Airlines, Etsy, Summit Therapeutics, Summit, Arm Holdings, Times, Apple, United States Steel, JPMorgan, Nippon Steel, JetBlue Airways —, Bank of America, JetBlue
☆ 10 ways a travel management program can benefit your small business
  + stars: | 2024-09-04 | by ( Sponsor Post | ) www.businessinsider.com   time to read: +7 min
Business travel management programs, like IHG's Business Edge, make booking travel easier and more efficient. According to the US Travel Association, total business travel spending is expected to reach $280.8 billion by 2026. Projected US business travel spending by yearYear Projected US Business Travel Spending 2023 $247.8 2024 $265.5 2025 $276.3 2026 $280.8 2027 $282.7Below are a few ways a travel management program like IHG Business Edge can help small- and medium-sized businesses manage employee travel more effectively — no matter where they're going. Small business travelers front and centerIHG Business Edge has worked hard to understand the needs of small businesses. Travel for work — and funIn addition to business travel, employees can use their IHG Business Edge membership for personal vacation.
Persons: they're, that's Organizations: Business, US Travel Association, Resorts, Travelers, IHG, Dell Technologies, Getty Images, Edge, Best, Insider Studios Locations: —, IHG.com
☆ Dell attempts to sell cybersecurity firm SecureWorks again, sources tell Reuters
  + stars: | 2024-08-29 | by ( ) www.cnbc.com   time to read: +2 min
Personal computer maker Dell Technologies is again exploring a possible sale of SecureWorks , after unsuccessful earlier attempts to find a buyer for the U.S. cybersecurity firm, according to people familiar with the matter. Dell, which has shed many non-core assets in recent years, owns 79.2% of SecureWorks by holding all of the company's class B shares, according to recent filings. Dell explored a sale of SecureWorks in 2019, part of an effort to trim Dell's debt pile, Reuters reported at the time. Dell acquired SecureWorks for $612 million in 2011, before listing its shares through an initial public offering in New York in 2016. The company's shares have risen by about 46% so far this year, outperforming an 18% rise in the S&P 500 index.
Persons: Michael Dell, Morgan Stanley, Piper Sandler, Dell, outperforming Organizations: Dell Technologies, U.S, Dell, SecureWorks, Reuters Locations: , Texas, SecureWorks, Atlanta , Georgia, cyberattacks, New York
☆ Lightning Round: GoDaddy is a juggernaut, says Jim Cramer
  + stars: | 2024-08-13 | by ( Jim Cramer | ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLightning Round: GoDaddy is a juggernaut, says Jim Cramer'Mad Money' host Jim Cramer weighs in on stock including: Mueller Industries, GoDaddy, Lockheed Martin, Dell Technologies, Qualys, and more.
Persons: Jim Cramer, Lockheed Martin Organizations: Mueller Industries, Dell Technologies
☆ Stocks making the biggest moves midday: Starbucks, Chipotle, Home Depot, Tencent and more
  + stars: | 2024-08-13 | by ( Sarah Min | ) www.cnbc.com   time to read: +3 min
Starbucks , Chipotle Mexican Grill — Starbucks stock shot up 21% after the coffee chain ousted CEO Laxman Narasimhan effective immediately and replaced him with Chipotle CEO Brian Niccol, who will step in Sept 9. Three Wall Street firms already upgraded Starbucks stock after the news. Revenue of 567.7 million Swiss francs topped the 562.1 million expected by analysts polled by StreetAccount. The filings showed that the shareholders, including the Ontario Teachers' Pension Plan Board, were working with Morgan Stanley to sell a total of about 11 million shares of ViaSat. Rumble — Shares advanced more than 5% after the video sharing company's second-quarter results beat expectations on the top and bottom lines.
Persons: Laxman Narasimhan, Brian Niccol, Morgan Stanley, Carlyle, Riley, — CNBC's Sean Conlon, Michelle Fox, Alex Harring, Hakyung Kim, Jesse Pound Organizations: Starbucks, Home Depot, Depot, Dell Technologies, Barclays, Entertainment, Mobile, Citigroup, StreetAccount, ViaSat, Ontario, Board, Garden, Madison, Garden Sports, Baxter, Baxter International, Riley, SEC Locations: China, FactSet, Madison
☆ Final Trades: IBM, Dell Technologies and Meta Platforms
  + stars: | 2024-08-13 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFinal Trades: IBM, Dell Technologies and Meta PlatformsThe Investment Committee give you their stocks to watch.
Organizations: IBM, Dell Technologies
☆ 'You have to be invested': 6 hot stocks to buy as US markets rebound to record highs by Labor Day
  + stars: | 2024-07-30 | by ( James Faris | ) www.businessinsider.com   time to read: +5 min
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. In a little over a week, the index sank from near 5,670 to under 5,400 as the mega-cap tech stocks that drove the market higher suddenly sold off. Advertisement"You have to get involved in stocks; you have to be invested in the US equity market," Salama told Business Insider. However, the trader isn't abandoning his bullish view on mega-cap tech stocks. AdvertisementStoltzfus agrees that the market's favorite stocks, including those tied to artificial intelligence, aren't wildly overvalued, as some bears have argued.
Persons: —, John Salama, he's, Salama, There's, John Stoltzfus, who's, Stoltzfus, I've, Trump, Biden, Harris, Parris, it's Organizations: Service, Business, Labor, Oppenheimer Asset Management, House, Shmump, Dell Technologies
☆ They blocked Elon Musk’s massive payday. Now they want $7 billion for it
  + stars: | 2024-07-09 | by ( ) edition.cnn.com   time to read: +3 min
The legal fee represents a cut of the value that the plaintiff’s lawyers say was created for Tesla by a Delaware judge’s January ruling that rescinded Musk’s $56-billion pay package. The Musk case took a dramatic turn when Tesla shareholders in June voted to ratify Musk’s pay, which Tesla has argued corrected the flaws in the 2018 process that McCormick identified in her ruling. The company argues that Musk’s pay package has been restored and that Tornetta’s legal victory has been transformed into a loss. McCormick may take weeks or months to rule on the legal fee. The Delaware Supreme Court is considering a $267 million fee request in a shareholder class action involving Dell Technologies and that decision could provide fee guidance.
Persons: Elon Musk’s, Richard Tornetta, Tornetta, John Reed, ”, Chancellor Kathaleen McCormick, Bernstein Litowitz Berger, Grossmann, Greg Varallo, Tesla, Varallo, ” Varallo, Reed, McCormick Organizations: Delaware CNN, Tesla, Musk’s, Enron, Stanford Law School, Delaware Supreme, Dell Technologies Locations: Wilmington, Delaware
☆ Shadow AI is a growing threat. Here are 3 ways organizations can safeguard their data.
  + stars: | 2024-06-28 | by ( Sponsor Post | ) www.businessinsider.com   time to read: +6 min
Shadow AI, or the unsanctioned use of technologies such as GenAI, has emerged as a critical threat for organizations trying to secure corporate IP and data. For organizations getting started with GenAI, it's important to understand why shadow AI is dangerous to best identify how to address it. Why shadow AI presents a credible threatMicrosoft and LinkedIn report1 that 78% of employees are "bringing their own AI technologies to work," (BYOAI) a softer way of describing shadow AI. Shadow IT and shadow AI share the same low barrier to entry and platform dynamics. Dell Technologies is a leader in the growing open ecosystem that is helping organizations build, test, and deploy GenAI services.
Persons: Clint Boulton, ESG, RAG Organizations: Microsoft, LinkedIn, Research, Enterprise Strategy Group, Amazon Web, Dell Technologies, Dell, Insider Studios
☆ Stocks making the biggest moves premarket: Nvidia, Trump Media, Accenture and more
  + stars: | 2024-06-20 | by ( Sarah Min | ) www.cnbc.com   time to read: +1 min
Check out the companies making headlines before the bell: Accenture — The tech stock jumped 8.6%. While Accenture missed earnings and revenue expectations in its latest quarter, according to FactSet, the information technology company posted more than $900 million in new generative AI bookings. Trump Media & Technology Group — Shares tumbled nearly 12% after the company on Tuesday said that its registration of additional shares was declared effective by the Securities and Exchange Commission. Dell Technologies , Super Micro Computer — Shares jumped more than 4% each. Advanced Micro Devices — Shares added about 1% after Piper Sandler called the semiconductor stock a top pick among large caps.
Persons: Elon Musk, Dell, Musk, LSEG, Piper Sandler, — CNBC's Michelle Fox, Hakyung Kim Organizations: Accenture, Trump Media & Technology, Securities and Exchange Commission, Nvidia, Microsoft, Dell Technologies, xAI, Hewlett Packard Enterprise, Juniper Networks, Juniper, KB
☆ Super Micro, Dell shares jump as Elon Musk calls them suppliers to xAI supercomputer project
  + stars: | 2024-06-20 | by ( Yun Li | ) www.cnbc.com   time to read: +1 min
Shares of Dell Technologies and Super Micro Computer jumped Thursday after Elon Musk revealed that the two hardware makers will provide servers to help his artificial intelligence startup xAI develop a supercomputer. "Dell is assembling half of the racks that are going into the supercomputer that xAI is building," Musk said in an X post, adding that Super Micro will also be involved. Dell shares climbed more than 3% in premarket trading, while Super Micro popped roughly 5%. The technology would potentially help Tesla develop the computer vision and large language models needed for robots and autonomous vehicles. Michael Dell, CEO of Dell, said Wednesday in an X post that his firm is building a "Dell AI factory" with Nvidia to power Musk's AI bot Grok.
Persons: Elon Musk, Tesla, Musk, Michael Dell Organizations: SpaceX, X Holdings Corp, Milken Institute's Global, Beverly Hilton Hotel, Dell Technologies, Micro Computer, Dell, Microsoft, Google, Nvidia Locations: Beverly Hills , California, Buffalo , New York, Austin , Texas
☆ Constellation is on pace for its best day of the year — here's what may be fueling the rally
  + stars: | 2024-06-17 | by ( Jeff Marks | ) www.cnbc.com   time to read: +4 min
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Constellation rebounds: There's a strong move happening in Constellation Brands for reasons that are not entirely clear. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer, Eli Lilly, donanemab, CNBC's Sara Eisen, Michael Dell, Jim Cramer's, Jim Organizations: CNBC, Markets, Nasdaq, Nvidia, Apple, Broadcom, Club, Honeywell, Energy, Drug Administration, Constellation Brands, Jefferies, Modelo, Corona, Dell Technologies, UBS, Jim Cramer's Charitable Locations: U.S
☆ Stocks making the biggest moves midday: Adobe, RH, Hasbro and more
  + stars: | 2024-06-14 | by ( Samantha Subin | ) www.cnbc.com   time to read: +2 min
Check out the companies making headlines in midday trading: Adobe — The software stock surged 14% on stronger-than-expected quarterly results. Adobe posted adjusted earnings of $4.48 per share on $5.31 billion in revenue and boosted its full-year guidance. JPMorgan also upgraded shares to overweight from neutral. Hasbro — The toymaker's shares jumped 4.8% on the back of an upgrade from Bank of America to buy from neutral. Dell Technologies — The PC maker fell more than 1% after CEO Michael Dell disclosed the sale of 5.7 million shares.
Persons: RH, LSEG, Zscaler, Keith Gill, Stellantis, Michael Dell, —, Alex Harring, Michelle Fox, Pia Singh Organizations: Adobe, JPMorgan, Wall, Hasbro, Bank of America, Zero Trust Network Security, Boeing — Boeing, Federal Aviation Administration, Airbus, New York Times, GameStop, Dell Technologies Locations: Bank, U.S
☆ Power stocks up, SaaS challenges and awaiting AI updates at Apple's big event
  + stars: | 2024-06-10 | by ( Jeff Marks | ) www.cnbc.com   time to read: +3 min
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Club stock Eaton traded more than 2% higher at one point Monday after pulling back more than 5% last week. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer, Eaton, there's, We're, Jim, Salesforce, we'll, Jim Cramer's Organizations: CNBC, Nasdaq, Nvidia, Club, Dell Technologies, Micro, Dover Corp, Energy, Constellation Energy, GE Vernova, Justice, Developers, Apple, Vision, Jim Cramer's Charitable, Apple Inc Locations: United States, China, Cupertino , Calif
☆ Stocks making the biggest moves premarket: DraftKings, Carvana, Southwest Airlines, Planet Fitness and more
  + stars: | 2024-06-10 | by ( Brian Evans | ) www.cnbc.com   time to read: +2 min
DraftKings — The sports betting stock added 1.8% after Morgan Stanley reiterated its overweight rating and said shares were again worthy of a top-pick designation. Morgan Stanley said the stock can rally despite concerns around Illinois' legalization of a sports betting tax. Nvidia — Shares were marginally lower ahead of the chipmaker stock's first day of trading after its 10-for-1 stock split . Planet Fitness — Stock in the fitness center chain advanced about 4% on the heels of an upgrade from Jefferies earlier on Monday. Analyst Randal Konik said "the stars have aligned" for Planet Fitness stock, adding that he expects strong franchise unit growth in 2025.
Persons: GoDaddy, Robert Half, Dow, Morgan Stanley, Joseph Moore, Randal Konik, — CNBC's Michelle Fox, Alex Harring, Jesse Pound Organizations: KKR, CrowdStrike, Comerica, Dow Jones, Dell Technologies, Palantir Technologies, AMD —, Nvidia —, Southwest Airlines —, Street Journal, Elliott Investment Management, Carvana, JPMorgan, Energy Global, Jefferies, Fitness Locations: Illinois
☆ Tech is the star of the show — Nvidia climbs toward a $3 trillion market cap
  + stars: | 2024-06-05 | by ( Jeff Marks | ) www.cnbc.com   time to read: +4 min
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. The tech-heavy Nasdaq was the star of the show Wednesday, surging more than 1.5% on the back of Nvidia 's march to a $3 trillion market value. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer, Eaton, Gamble, Wednesday's, Jim Cramer's, Jim Organizations: CNBC, Nasdaq, Federal Reserve, Treasury, Nvidia, Hewlett Packard Enterprise, Dell Technologies, Broadcom, Apple, Costco, Constellation Brands, Proctor, Jim Cramer's Charitable Locations: U.S, Dover
☆ Why the market shifted to defense, plus the lingering hangover of Dell's backlog
  + stars: | 2024-06-04 | by ( Jeff Marks | ) www.cnbc.com   time to read: +4 min
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. "We can't seem to mount any sort of rally for the likes of Club stocks Eaton and Dover . As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer, that's, Cramer, Jim, Dell, Brown, Forman, we'll, Jim Cramer's, Michael Dell, Kike Rincon Organizations: CNBC, Labor, Procter, Procter & Gamble, Costco, May, Services, Jim Cramer's Charitable, Dell Technologies, MWC, Mobile World Congress, Fira, Gran, Europa Press, Getty Locations: Procter &, Costco, Eaton, Dover, CrowdStrike, Campbell Soup, L'Hospitalet de Llobregat, Barcelona, Catalonia, Spain
☆ S&P 500 enters June near a record but with growing concerns about the market's narrow leadership
  + stars: | 2024-06-01 | by ( Michael Santoli | ) www.cnbc.com   time to read: +9 min
The S & P 500 is a mere 1.2% from its all-time high, yet only 60% of its member stocks are up for the year and just over 40% last week were above their 50-day moving average. .SPX YTD mountain S & P 500, 1-year We seem to undergo one of these periods of decrying a lack of market breadth every few months in recent years. Bespoke Investment Group last week looked at the small number of past instances when the S & P 500 was so close to a record yet most stocks were beneath a 50-day average. The 100-day correlation between the S & P 500 and the Dow Jones Industrial Average has hit its lowest level since the dot-com bust of the early 2000s, according to CNBC's Data & Analytics group. The S & P 500 at the highs hit 21-times forward earnings, and we've spent very little time above that outside the pandemic melt-up and the tech boom/bust a quarter-century ago.
Persons: Warren Pies, Dow, Scott Chronert, we've Organizations: Investment, 3Fourteen, Nvidia, Treasury, Microsoft, Apple, Dow Jones, Dell Technologies, Citi, UBS Locations: Banks
☆ Friday's analyst calls: Studio stock to rally more than 70%, what the Street says about Dell earnings
  + stars: | 2024-05-31 | by ( Hakyung Kim Fred Imbert | Hakyung Kim | Fred Imbert | ) www.cnbc.com   time to read: +9 min
Citi, meanwhile, initiated Lionsgate Studios with a buy rating. JPMorgan did lower its price target on Viasat to $23 per share from $30. The analyst reiterated his buy rating, noting that AI adoption is still in the early stages. The bank initiated coverage of the TV and movie studio with a buy rating. Its price target of $14 implies upside of more than 73% from Thursday's close.
Persons: Felix Liu, — Lisa Kailai Han, Sebastiano Petti, Petti, — Jesse Pound, Oppenheimer, Tyler Batory, Batory, — Hakyung Kim, Wynn, Vitaly Umansky, WYNN, Umansky, Wolfe, Eddie, Bill Carrache, Dell Dell, Wamsi Mohan, Dell, Mohan, Goldman Sachs, Michael Ng, Ng, Morgan Stanley, we're, Erik Woodring, Woodring, Jason Bazinet, LION, COVID, Fred Imbert Organizations: CNBC, Dell Technologies, Lionsgate Studios, Citi, UBS, JPMorgan, Viasat, Homes, Wynn Resorts, Seaport Research Partners, Wolfe Research, Third Bank Regional, Dell, Bank of America, DELL, Lionsgate Entertainment, Starz Locations: Bilibili, China, Viasat, Macau, Las Vegas, Vegas, Wall, Thursday's
☆ Stocks making the biggest moves midday: Gap, MongoDB, Dell Technologies and more
  + stars: | 2024-05-31 | by ( Lisa Kailai Han | ) www.cnbc.com   time to read: +4 min
Check out the companies making headlines in midday trading: Dell Technologies — The software stock plunged 22% after executives cautioned that its gross margins could face more pressure in 2025. Zscaler — Shares added 5.2% after the cloud security company posted a fiscal third-quarter earnings and revenue beat. Gap — The clothing retailer soared 26% after posting fiscal first-quarter earnings per share of 41 cents, higher than the 14 cents analysts surveyed by LSEG had expected. The company beat earnings and revenue expectations for the April quarter, but still saw slower-than-expected consumption growth. SentinelOne expects its revenue to fall between $808 million to $815 million in 2024, which was lower than the $817 million forecast by LSEG.
Persons: Zscaler, LSEG, Nordstrom —, Nordstrom, chipmaker, Marvell, MongoDB, Sun Choe, Choe, Cooper, Paycom, Randy Peck, Christopher Thomas, Maheep, CNBC's Hakyung Kim, Yun Li, Jesse Pound, Pia Singh Organizations: Dell Technologies, Lionsgate, Citi, Starz, Nordstrom, Marvell Technologies, Vans, Cooper Companies, Mizuho Locations: Seattle
☆ Shares of Dell fall 16% as AI servers are sold at 'near-zero margins'
  + stars: | 2024-05-31 | by ( Ashley Capoot | In | ) www.cnbc.com   time to read: +3 min
Shares of Dell Technologies fell more than 16% Friday after investors were discouraged by the company's lower-than-expected artificial intelligence server backlog and an estimated decline in margins. Bernstein analysts said the "principle disappointment" in Dell's results was that operating margins for its Infrastructure Solutions Group compressed year over year. Additionally, operating profits were flat compared with the same period last year, even though the company brought in around $1.7 billion in incremental AI server revenues. The analysts said this resurfaced concerns that Dell's AI servers are being sold at "near-zero margins." Bank of America analysts said Dell reported a strong quarter, and they reiterated their buy rating on the stock.
Persons: Michael Dell, Dell, FactSet, Bernstein, — CNBC's Michael Bloom, Kif Leswing Organizations: Dell Technologies, MWC, Mobile World Congress, Fira, Gran, Dell, Infrastructure Solutions, Bank of America, JPMorgan Locations: L'Hospitalet de Llobregat, Barcelona, Catalonia, Spain
☆ Jim Cramer: Start believing in the Gap turnaround, but avoid this falling tech stock
  + stars: | 2024-05-31 | by ( Kevin Stankiewicz | ) www.cnbc.com   time to read: +2 min
Jim Cramer's daily rapid fire looks at stocks in the news outside the CNBC Investing Club portfolio. The stock got way ahead of itself," Jim Cramer said. People better start believing," Cramer said, noting that prior to earnings the stock had largely been under pressure since late March. Ulta shares have been struggling since April after CEO David Kimbell warned about slowing demand for beauty products at an investor event. The Investing Club owns cybersecurity peer Palo Alto Networks .
Persons: Jim Cramer's, Dell, Jim Cramer, MongoDB, Cramer, Richard Dickson, David Kimbell, Dave Kimbell, Dave, Estee Lauder, Zscaler Organizations: CNBC, Club, Dell Technologies, Navy, Wall, CNBC Investing Club, Investing, Palo Alto Networks Locations: Banana Republic, That's
☆ Foot Locker's new price target and why we're psyched about DuPont's breakup plan
  + stars: | 2024-05-31 | by ( Jeff Marks | ) www.cnbc.com   time to read: +5 min
That would likely be enough to take on DuPont's water business if they wanted it. Foot Locker's new price target: Shares of Foot Locker are up Friday, a day after gaining 14% in response to a better-than-expected quarter against very low expectations. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. The Foot Locker logo is displayed in a store in San Francisco, California, on May 19, 2023.
Persons: Jim Cramer, it's, Bullish, Ed Breen, you'd, Breen, We've, Locker, Mary Dillon's, Jim Cramer's, Jim, Justin Sullivan Organizations: CNBC, Dell Technologies, Marvell Technology, DuPont, Nike, Jim Cramer's Charitable Locations: San Francisco , California
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