Dell shares fall 12% after company reports first-quarter earnings

Dell reported first-quarter earnings on Thursday that beat analyst estimates for earnings and sales, as the company has emerged as one of the top vendors for AI servers.reported first-quarter earnings on Thursday that beat analyst estimates for earnings and sales, as the company has emerged as one of the top vendors for AI servers.The company said it would issue guidance for the current quarter on the call.Dell reported $955 million in net income during the quarter, or $1.

Dell has emerged as a top vendor for AI-oriented servers, which are in high demand as companies invest in infrastructure for predictions and generative AI. Earlier this year,CEO Jensen Huang called out Dell founder Michael Dell at a conference as the person to contact to place orders for the company's new chips.Dell's division for PCs and laptops, called client solutions group, showed flat growth on an annual basis with sales of $12.0 billion.

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Dell Launches AI Factory To Accelerate Enterprise AI IntegrationSteve McDowell is chief analyst at NAND Research. Steve is a technologist with over 25 years of deep industry experience in a variety of strategy, engineering, and strategic marketing roles, all with the unifying theme of delivering innovative technologies into the enterprise infrastructure market.
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