97 stories mentioning Dell TechnologiesUpdated 5d ago
Dell shares fell amid a sharp technology sell-off that sent the Nasdaq Composite to a five-week low.
Lynn Vojvodich Radakovich, Director, on July 22, 2026, sold 2,022 shares in Dell Technologies (DELL) for $836,643. Following the Form 4 filing with the SEC, Radakovich has control over a total of 25,267 Class C common shares of the company, with 25,267 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1571996/000166220526000009/xslF345X05/wk-form4_1784923775.xml
Dell Technologies (DELL) won a contract from Texas A&M Engineering Experiment Station to design and build the Innovative Growth in Next Generation AI Technology Ecosystem or IGNITE platform, which is funded by the state government, according to a Friday statement.No financial details were disclosed.Dell said IGNITE is intended to support government-sponsored, artificial intelligence-driven industry and academic research. The platform will be powered by AMD (AMD) Instinct MI355X graphics processing units, the company added.Price: $447.25, Change: $+8.25, Percent Change: +1.88%
The main US stock measures were pointing lower in Wednesday's premarket activity as investors await the latest financial results of technology giants Alphabet (GOOG, GOOGL) and Tesla (TSLA) and monitor the ongoing Middle East conflict.The S&P 500 declined 0.3%, the Dow Jones Industrial Average edged down 0.1% and the Nasdaq was off 0.7% before the opening bell. The indexes ended Tuesday trading higher following a three-day slump.Google parent Alphabet and electric vehicle manufacturer Tesla are scheduled to report their quarterly earnings after the markets close, along with Texas Instruments (TXN), IBM (IBM), ServiceNow (NOW) and CSX (CSX).Philip Morris International (PM), GE Vernova (GE), AT&T (T), Northern Trust (NTRS) and RPM International (RPM) are expected to post their results before the bell, among others.West Texas Intermediate crude oil gained 4.2% to $87.91 a barrel in premarket action, while Brent increased 4.1% to $94.76.The US Central Command said Tuesday its forces completed another round of strikes against Iran as part of attempts to degrade its ability to threaten commercial ships in the Strait of Hormuz.At the ASEAN foreign ministers' meeting in the Philippines on Wednesday, US Secretary of State Marco Rubio accused Iran of not being serious about peace talks with the US, CNBC reported.Rubio reportedly said a key sticking point in talks with Iran was Tehran's demand for the right to control traffic through the Strait of Hormuz, arguing that allowing any country to control an international waterway would set a dangerous precedent.Treasury yields were mixed before the open, with the two-year rate down 0.1 basis points to 4.26% while the 10-year rate inclined 0.2 basis points to 4.63%.In a social media post on Tuesday, President Donald Trump said the import of all generic drugs into the US will be subject to zero tariffs for a two-year period, effective Aug. 1. Tariffs on the drugs would then rise to 100% for one year before increasing to 200% thereafter, according to Trump."This is done in order to reshore generic pharmaceutical production into America, with a penalty to those companies that decide not to build plant and equipment within the stated period of time given to them," Trump said.Wednesday's economic calendar has the weekly mortgage applications bulletin at 7 am ET, followed by the weekly EIA domestic petroleum inventories report at 10:30 am.Shares of Super Micro Computer (SMCI) jumped 17% before the bell after the company said it received more than $60 billion in new orders during its fiscal fourth quarter and raised its gross margin outlook. Dell Technologies gained 4.6% after closing the previous session up 6%.Alaska Air (ALK) decreased 1.3% as the airline issued a downbeat third-quarter earnings outlook and swung to a second-quarter loss. Rocket Lab (RKLB) advanced 4.5%.Gold traded up 1.2% at $4,124 per troy ounce, while bitcoin was down 0.7% at $65,922.
Dell Technologies (DELL) has an average rating of overweight and mean price target of $503.62, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $408.14, Change: $-4.54, Percent Change: -1.10%
ASP Isotopes (ASPI) said Thursday its Noble Africa unit will merge with a subsidiary of Endra Life Sciences (NDRA) in a deal expected to result in a Nasdaq-listed company trading under the ticker NOBA.Shares of Endra dropped 32%, with intraday trading volume rising to more than 445,000 from the stock's daily average of about 21,000.DSC (DSC) priced an initial public offering of 3 million American depositary shares at $17 each, for a total offering size of about $51 million, the company said Thursday.Shares declined 38% after midday, with an intraday trading volume of about 661,000.Dell Technologies (DELL) is ending its enterprise computing distribution partnership with Arrow Enterprise Computing Solutions following a review of its North American distribution business, CRN reported Thursday, citing sources.The move could shift $1.4 billion to $2 billion in Dell channel business to rival distributors.Shares declined nearly 6%, with intraday trading volume at over 7.7 million versus a daily average of about 8.7 million.Price: $6.25, Change: $-0.82, Percent Change: -11.61%
Dell Technologies (DELL) is ending its enterprise computing distribution partnership with Arrow Enterprise Computing Solutions following a review of its North American distribution business, CRN reported Thursday, citing sources.According to CRN, Dell decided to end the relationship because Arrow did not carry Dell's full product portfolio, including client devices, and had limited warehouse and stocking capabilities.The move could shift $1.4 billion to $2 billion in Dell channel business to rival distributors, with partners expected to transition to new distributors or buy directly from Dell over the coming months.Dell told CRN it regularly reviews its go-to-market strategy and partner ecosystem to support customer growth across North America, but did not directly confirm the termination.Dell and Arrow did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $410.00, Change: $-24.06, Percent Change: -5.54%
Lynn Vojvodich Radakovich, Director, on June 22, 2026, sold 12,022 shares in Dell Technologies (DELL) for $5,061,262. Following the Form 4 filing with the SEC, Radakovich has control over a total of 25,267 Class C common shares of the company, with 25,267 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1571996/000166220526000007/xslF345X05/wk-form4_1782331769.xml
Tech stocks were higher late Monday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 0.1% and the State Street SPDR S&P Semiconductor ETF (XSD) adding 1.6%.The Philadelphia Semiconductor index rose 1.3%.In corporate news, Micron Technology (MU) shares gained 5% after it said Monday it is collaborating with Anthropic for memory and storage AI architecture design, product supply, and enterprise adoption of Claude, alongside an investment in Anthropic's series H funding round.Dell (DELL) shares climbed 1.6% after it introduced the PowerEdge XE8812, a new server designed to handle large AI-computing workloads and built with Nvidia's (NVDA) Vera Rubin platform.Alphabet's (GOOGL) Google DeepMind data scientist and Nobel Prize winner John Jumper is leaving to join Amazon (AMZN) and Alphabet-backed Anthropic, he said Friday. Alphabet shares were down 5.2%.STMicroelectronics (STM) shares rose 1.6% after the company said it released a new 3-dimensional light detection and ranging module designed for AI applications on small computing devices.
Tech stocks were higher late Monday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 0.1% and the State Street SPDR S&P Semiconductor ETF (XSD) adding 1.4%.The Philadelphia Semiconductor index rose 1.1%.In corporate news, Dell (DELL) shares climbed 1.9% after it introduced the PowerEdge XE8812, a new server designed to handle large AI-computing workloads and built with Nvidia's (NVDA) Vera Rubin platform.
Dell Technologies (DELL) introduced the PowerEdge XE8812, a new server designed to handle large AI- computing workloads and built with Nvidia's (NVDA) Vera Rubin platform.The system uses direct liquid cooling and is built for high-density deployments, supporting up to 144 graphics processors per rack to run large models in memory, Dell said Monday in a statement.The US Department of Energy will use the servers to build the Doudna supercomputer at the Lawrence Berkeley National Laboratory, Dell said.The PowerEdge XE8812 will be available globally early next year, Dell said.Dell shares rose 2.5% in Monday trading, and Nvidia fell 0.9%.Price: $419.72, Change: $+10.22, Percent Change: +2.50%
Richard J Rothberg, General Counsel & Secretary, on June 15, 2026, sold 20,000 shares in Dell Technologies (DELL) for $8,200,000. Following the Form 4 filing with the SEC, Rothberg has control over a total of 142,415 Class C common shares of the company, with 142,415 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1571996/000168090226000006/xslF345X05/wk-form4_1781727148.xml
US equities fell Tuesday, with technology stocks pulling back following a jump in the previous session, sending the Nasdaq Composite to its lowest close in five weeks.The tech-heavy index shed 1% to 25,678.8, its lowest finish since May 5. The S&P 500 fell 0.3% to 7,386.7, while the Dow Jones Industrial Average rose 0.2% to 50,872.1 after a two-day decline.Barring tech and energy, all sectors were in the green, led by real estate.Salesforce (CRM) shares fell 3.9%, the worst performer on the Dow. The cloud-based customer relationship management platform provider implemented a fresh round of job cuts, Business Insider reported Tuesday.Apple (AAPL) dropped 3.6% and followed Salesforce on the Dow, while Cisco Systems (CSCO) declined 3.1%, the third worst performer on the index.Super Micro Computer (SMCI) slumped 7.6%, among the steepest declines on the S&P 500. Also under pressure were major tech names such as Microsoft (MSFT), IBM (IBM), Qualcomm (QCOM) and Dell Technologies (DELL).Outside tech, J.M. Smucker (SJM) reported better-than-expected fiscal fourth-quarter results, while the food producer's full-year earnings outlook came in above Wall Street's estimates at the midpoint. The stock jumped 10%, the best performer on the S&P 500.Boeing (BA) fell behind European rival Airbus in both aircraft deliveries and orders for May, even as the US planemaker's deliveries rose sequentially and annually. The stock fell 0.7%.US President Donald Trump said Tuesday that Iran shot down an American military helicopter over the Strait of Hormuz on Monday night. He said the two pilots were unharmed, but the US must "respond to this attack."Trump told reporters in New York on Monday that a diplomatic resolution to the Middle East conflict could be reached in "two or three days," CNBC reported. The crucial Strait of Hormuz, which remains effective shut, would reopen "immediately" after the deal, Trump reportedly said.Trump has made similar claims on a number of occasions in the past.West Texas Intermediate crude oil was down 3.1% at $88.46 a barrel in Tuesday late-afternoon trade, while Brent fell 2.7% to $91.72.The global crude market has already lost 1 billion barrels of supply since the Iran war began at the end of February, Rystad Energy said in a note."Cumulative losses have now reached 1 billion barrels and are on track to nearly double by year-end under our base case, which still assumes a narrow US-Iran deal in June and a phased reopening of the Strait of Hormuz from mid-July," Aditya Saraswat, Middle East and North Africa research director at Rystad, said in a note.US Treasury yields were lower, with the 10-year rate last down four basis points at 4.53%, and the two-year rate falling 3.1 basis points to 4.14%.In economic news, US existing home sales increased to the highest level since December in May, a move that is expected to bode well for the economy, the National Association of Realtors said Tuesday.The US trade deficit narrowed in April as export growth outpaced an increase in imports, government data showed Tuesday.Gold was down 1.9% at $4,282.40 per troy ounce, while silver shed 4.7% to $65.39 per ounce.
US equity indexes were lower on Tuesday amid a technology stocks sell-off and despite progress in US-Iran peace negotiations.* Technology and energy were standout decliners, down 1.8% and 1.6%, respectively. Marvell Technology (MRVL), Arm (ARM), Dell (DELL), and Qualcomm (QCOM) declined by at least 7% each, according to data compiled by Finviz.* A deal to end the war in the Middle East could be reached in "two to three days," with the Strait of Hormuz reopening "immediately" after the agreement is signed, President Donald Trump was cited as saying in a CNBC news report.* US existing home sales rose 3.2% sequentially to a seasonally adjusted annual rate of 4.17 million units last month.* July West Texas Intermediate crude oil fell $2.73 to settle at $88.57 per barrel, while August Brent crude, the global benchmark, was last seen down $2.41 at $91.87.* J.M. Smucker (SJM) shares rose roughly 10%, the top gainer on the S&P 500, after the company reported better-than-expected fiscal Q4 results on Tuesday, while the food producer's full-year earnings outlook came in above Wall Street's estimates at the midpoint.* Salesforce (CRM) shares were down 3.9%, the worst performer on the Dow. The cloud-based customer relationship management platform provider implemented a fresh round of job cuts, Business Insider reported Tuesday.
Wall Street's benchmark equity indexes fell intraday amid a sharp sell-off in technology stocks, as President Donald Trump vowed to "respond" to an Iranian attack on a US military helicopter over the Strait of Hormuz.The Nasdaq was down 2% at 25,425.1 after midday Tuesday, while the S&P 500 lost 1.1% to 7,328.9. The Dow Jones Industrial Average declined 0.2% to 50,678.7. Among sectors, tech saw the steepest drop, shedding 3.5%, while real estate paced the gainers.Salesforce (CRM) shares were down 4.7% intraday, the worst performer on the Dow. The cloud-based customer relationship management platform provider implemented a fresh round of job cuts, Business Insider reported Tuesday, citing people familiar with the matter and a regulatory notice.Cisco Systems (CSCO) dropped 4.3% and followed Salesforce on the Dow. Nvidia (NVDA) fell 2.1%. Super Micro Computer (SMCI) slid 10%, among the steepest declines on the S&P 500.Also under pressure were other major tech names such as Apple (AAPL), Microsoft (MSFT), IBM (IBM), Qualcomm (QCOM), Dell Technologies (DELL), and Advanced Micro Devices (AMD).Outside tech, J.M. Smucker (SJM) reported better-than-expected fiscal fourth-quarter results, while the food producer's full-year earnings outlook came in above Wall Street's estimates at the midpoint. The stock was up 9.7% intraday, the best performer on the S&P 500.Trump said Tuesday that Iran shot down a US Apache helicopter over the Strait of Hormuz on Monday night. He said the two pilots were unharmed.The US must "respond to this attack," he said in a social media post.Trump told reporters in New York on Monday that a diplomatic resolution to the Middle East conflict could be reached in "two or three days," CNBC reported. The crucial Strait of Hormuz, which remains effective shut, would reopen "immediately" after the deal, Trump reportedly said.Trump has made similar claims on a number of occasions in the past.West Texas Intermediate crude oil was down 3.7% at $87.94 a barrel intraday, while Brent fell 3% to $91.43."The continued lack of progress towards restoring normal energy flows from the Middle East reinforces expectations of a prolonged period of elevated oil prices," Saxo Bank said in a report on Tuesday.US Treasury yields were lower intraday, with the 10-year rate down 3.4 basis points at 4.53%, and the two-year rate falling 3.3 basis points to 4.13%.In economic news, US existing home sales increased to the highest level since December in May, a move that is expected to bode well for the economy, the National Association of Realtors said Tuesday.The US trade deficit narrowed in April as export growth outpaced an increase in imports, government data showed Tuesday.Gold was down 1.7% at $4,290.10 per troy ounce, while silver shed 4.6% to $65.38 per ounce.
US equity indexes dived following a sharp sell-off in technology, led by semiconductors, in midday trading on Tuesday.The Nasdaq Composite dropped 1.8% to 25,468.1, with the S&P 500 down 0.9% to 7,340.8, and the Dow Jones Industrial Average lower by 0.2% to 50,710.5.Technology and energy were standout decliners, down 3.1% and 1.9%, respectively. Marvell Technology (MRVL), Arm (ARM), Dell (DELL), and Qualcomm (QCOM) declined by at least 8% each, the worst-performing stocks among companies with market capitalizations exceeding $200 billion, according to data compiled by Finviz.The real estate, healthcare, and materials sectors led the gainers.West Texas Intermediate crude oil futures fell 3.4% to $88.22, and Brent crude futures dropped 2.8% to $91.60.A deal to end the war in the Middle East could be reached in "two to three days," with the Strait of Hormuz reopening "immediately" after the agreement is signed, President Donald Trump was cited as saying in a CNBC news report. The two countries are nearing a deal "that will not in any way allow nuclear weapons," Trump was cited as saying."Oil gave back most of Monday's gains after Israel and Iran halted hostilities that had threatened to derail already fragile efforts to secure a broader peace agreement in the Middle East," Saxo Bank wrote in a note. "US President Donald Trump, meanwhile, maintained his typically optimistic tone, saying negotiations are in the 'final throes' of what he expects will be a successful deal."Most US Treasury yields fell, with the 10-year down one basis point to 4.54%. The two-year rate fell 2.3 basis points to 4.14%.In precious metals, gold futures dropped 2% to $4,277.5, and silver futures slumped 5.2% to $65.04.US existing home sales increased to the highest level since December in May, the National Association of Realtors said. Sales rose 3.2% sequentially to a seasonally adjusted annual rate of 4.17 million units last month."More Americans are on the move, with home sales rising to the highest level since December. This is great news for the housing market and the economy," NAR Chief Economist Lawrence Yun said. "Improving affordability is helping drive this momentum."The goods and services deficit narrowed $700 million to $55.9 billion in April from March on a seasonally adjusted basis, the US Census Bureau and the Bureau of Economic Analysis said. The consensus was for a $56.1 billion shortfall in a Bloomberg survey."Soaring oil exports are helping to narrow the US trade gap, with tariffs playing a more minor role in slowing imports," Sal Guatieri, BMO Capital Markets senior economist, said in a note. The export gain was driven by "surging crude sales" while computer hardware and microchips continued to fuel import growth, he said.Wholesale inventories rose by 0.6% in April, revised up from a 0.5% increase in the advance reading and following a 1.5% rise in March. Analysts in a Bloomberg-compiled survey expected April inventories to be revised upward to a 0.6% increase.
Wall Street's equity benchmarks hit fresh peaks on Monday, buoyed by gains in the technology sector as Nvidia's (NVDA) shares rallied, while traders monitored mixed US-Iran peace talks signals.The Nasdaq Composite rose 0.4% to 27,086.8, while the S&P 500 added 0.3% to 7,600. The Dow Jones Industrial Average edged up 0.1% to settle at 51,078.9. All three indexes logged new closing highs on the first trading day of June.Barring tech and energy, all sectors were in the red, led by utilities.In company news, Nvidia shares jumped 6.3%, among the top gainers on the Dow. On Sunday, the tech bellwether announced a new artificial intelligence chip to power Microsoft (MSFT) Windows personal computers, called RTX Spark, entering the consumer PC processor market.Microsoft shares rose 2.3%, also one of the Dow's best performers.Dell (DELL) shares advanced nearly 11%, extending its rally into the eight day in a row. Morgan Stanley upgraded its rating on the computer maker's stock to equal-weight from underweight and raised its price target to $448 from $170. Dell is outperforming peers in navigating semiconductor supply shortages, the brokerage said.Salesforce (CRM) climbed 9.7% after the company said it will invest $2 billion in France through 2030. Separately, Salesforce said it agreed to buy Contentful, a "composable" content platform.S&P 500 companies' quarterly earnings growth held steady at nearly 28%, compared with financials reported up until a week ago, putting the index on track to close out the most recent cycle well above estimates, Oppenheimer Asset Management said in a note.West Texas Intermediate crude oil was up 5.7% at $92.35 a barrel in Monday late-afternoon trade, while Brent rose 4.5% to $95.25.Iran suspended talks with the US in retaliation to Israel's military action in Lebanon, CNBC reported Monday, citing Iranian state-affiliated outlet Tasnim. However, US President Donald Trump said talks with Iran were continuing at "a rapid pace."In a separate social media post, Trump said he spoke to Israeli Prime Minister Benjamin Netanyahu and Iran-backed Hezbollah, with both agreeing to stop the fighting."It unfortunately feels like we have moved further away from a conclusion, with Iran commenting mid-Friday that no agreement has been reached, and reports over the weekend indicating that (Trump) has asked to amend the prior framework," Tudor Pickering Holt said in a note. "These shifting conditions alongside continued kinetic skirmishes between the parties are likely to further erode Iranian trust as officials have already cited the fluidity of priorities as a point of friction with Iran making clear that nuclear dialogue is contingent on successful negotiations to end the war and reopen the Strait of Hormuz."US Treasury yields were higher, with the 10-year rate up two basis points at 4.46%, and the two-year rate rising 3.3 basis points to 4.04%.In economic news, the US manufacturing sector expanded to its highest level in four years last month amid strength in demand and production, though price pressures remained elevated, two separate surveys by the Institute for Supply Management and S&P Global (SPGI) showed."Even with improving activity, the persistence of elevated cost pressures is likely to constrain the pace of expansion and keep policymakers cautious, limiting the scope for near-term monetary-policy easing," TD Economics said in a note.Gold was last down 1.8% at $4,512.30 per troy ounce, while silver fell 1% to $75.13 per ounce.
Tech stocks were mixed late Monday afternoon with the State Street Technology Select Sector SPDR ETF (XLK) rising 2.5% and the State Street SPDR S&P Semiconductor ETF (XSD) falling 1.7%.The Philadelphia Semiconductor index rose 1.2%.In corporate news, Dell (DELL) shares jumped past 10%. Morgan Stanley upgraded its rating on the company's stock to equalweight from underweight and raised its price target to $448 from $170. Dell is outperforming peers in navigating semiconductor supply shortages, the brokerage said.Amazon-backed (AMZN) Anthropic has confidentially submitted a draft registration statement for a proposed initial public offering to the US Securities and Exchange Commission, the company said Monday. The number of shares to be offered and the price have not yet been set, Anthropic said. Amazon shares were down 3.1%.Nvidia (NVDA) has launched RTX Spark, a new AI chip that will be used in Microsoft (MSFT) Windows laptops and desktops. Nvidia's shares climbed 6%, and Microsoft added 2.9%.Apple (AAPL) is planning a new service that will let iPhone users split joint bills, expanding its push into everyday financial tools, Bloomberg reported. Apple shares fell 1.4%.
US benchmark equity indexes were mostly higher intraday as Nvidia (NVDA) helped lift the technology sector, while oil prices jumped as markets tracked the latest developments in the Middle East.The Nasdaq Composite was up 0.7% at 27,169.1 after midday Monday, while the S&P 500 rose 0.4% to 7,612.6. The Dow Jones Industrial Average was little changed at 51,017.1. All three benchmarks notched fresh closing highs in the previous session.Barring tech and energy, all sectors were in the red intraday Monday, led by utilities.In company news, Nvidia shares jumped 5.6%, among the top gainers on the Dow. On Sunday, the tech bellwether announced a new artificial intelligence chip to power Microsoft (MSFT) Windows personal computers, called RTX Spark, entering the consumer PC processor market.Microsoft shares were up 1.8% intraday Monday.Salesforce (CRM) was the best performer on the S&P 500, up 9.5%, after it said it will invest $2 billion in France through 2030. Separately, Salesforce said it agreed to buy Contentful, a "composable" content platform.Dell (DELL) shares were up 8.9% intraday, extending its rally. Morgan Stanley upgraded its rating on the computer maker's stock to equal-weight from underweight and raised its price target to $448 from $170. Dell is outperforming peers in navigating semiconductor supply shortages, the brokerage said.S&P 500 companies' quarterly earnings growth held steady at nearly 28%, compared with financials reported up until a week ago, putting the index on track to close out the most recent cycle well above estimates, Oppenheimer Asset Management said in a note.Hewlett Packard (HPE), Palo Alto Networks (PANW), Broadcom (AVGO) and CrowdStrike (CRWD) are scheduled to release quarterly results this week.West Texas Intermediate crude oil was up 4.8% at $91.54 a barrel, while Brent rose 3.9% to $94.70.Talks with Iran are continuing at "a rapid pace," US President Donald Trump said in a social media post Monday.Iran will suspend talks through intermediaries with the US and will move to completely shut the Strait of Hormuz in retaliation to alleged ceasefire violations, CNBC reported, citing Iran's state-affiliated news outlet Tasnim.In a separate social media post, Trump said he had a call with Israeli Prime Minister Benjamin Netanyahu, adding that no troops will be going to Beirut, while any troops that are on their way have already been turned back."Likewise, through highly placed representatives, I had a very good call with Hezbollah, and they agreed that all shooting will stop -- that Israel will not attack them, and they will not attack Israel," Trump said.US Treasury yields were higher intraday, with the 10-year rate up 1.6 basis points at 4.47%, and the two-year rate rising 3.5 basis points to 4.05%.In economic news, the US manufacturing sector expanded to its highest level in four years last month amid strength in demand and production, though price pressures remained elevated, two separate surveys by the Institute for Supply Management and S&P Global (SPGI) showed."Even with improving activity, the persistence of elevated cost pressures is likely to constrain the pace of expansion and keep policymakers cautious, limiting the scope for near-term monetary-policy easing," TD Economics said in a note.Gold was down 1.5% at $4,523.30 per troy ounce, while silver fell 0.4% to $75.59 per ounce.
Nvidia (NVDA) has announced a new artificial intelligence chip to power Microsoft (MSFT) Windows personal computers, called RTX Spark, entering the consumer PC processor market.RTX Spark delivers the full Nvidia AI and graphics technology stack to creators, AI developers and gamers, according to a joint statement on Sunday.RTX Spark will be available this fall from manufacturers including ASUS, Dell (DELL), HP (HPQ), Lenovo, Microsoft Surface and MSI, to be followed by models from Acer and GIGABYTE."The PC is being reinvented," Nvidia Chief Executive Jensen Huang said. "For forty years, you launched apps. Click. Type. With RTX Spark and Microsoft Windows, you ask -- and the PC does the work."These new PCs are designed for the era of personal AI agents, Nvidia said."This marks a key milestone in the rich, full-stack collaboration between Microsoft and Nvidia spanning gaming, AI and cloud -- from DirectX and RTX to Nvidia-accelerated AI workloads on Azure -- driving end-to-end innovation for our shared customers," Pavan Davuluri, executive vice president, Windows + Devices, said in a blogpost on Sunday. "These next-generation Windows PCs represent the next step on that journey."RTX Spark marks Nvidia's formal entry into the consumer PC processor market, Wedbush Securities said in a report on Monday."We believe (Nvidia's) previous work around using (graphics processing units) to enable AI workloads in PCs should benefit (its) push to define the agentic PC," Wedbush analyst Matt Bryson wrote. "But we also wonder how much even a successful implementation might mean for (Nvidia), given the ultimately small size of the PC market (vs. NVDA's accelerator business)."Nvidia's foray into the AI-enhanced consumer PC business could hurt Intel (INTC) in particular, Bryson said.Bryson sees "limited near-term competitive implications" from the Nvidia-Microsoft collaboration.Nvidia said it is collaborating with Adobe (ADBE) to "rearchitect" Adobe Premiere and Photoshop for RTX Spark.Shares of Nvidia were up 5% in Monday trading and Microsoft rose 2.6%. Adobe jumped 5.9%, while Intel fell 3.2%. Dell and HP gained 8.3% each.Price: $221.79, Change: $+10.65, Percent Change: +5.04%
(Updates with the analyst's commentary.)Morgan Stanley upgraded Dell Technologies (DELL) to equalweight from underweight, as the the company is ''managing supply and executing better than peers'' during the ongoing semiconductor supply chain shortfall."Dell is executing across nearly all business lines, taking share of a growing AI spend pie, gaining share in traditional enterprise markets, and leveraging pricing power in ways that peers aren't, including, we believe, winning general purpose server orders from Tier 2 CSP's," Morgan Stanley wrote in a Monday note.Morgan Stanley also increased Dell's price target to $440 from $170.The technology company has an average rating of overweight and mean price target of $464.47, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $452.00, Change: $+31.09, Percent Change: +7.39%
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