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Dell Stock Tumbles on Weak PC Sales. AI Server Strength Isn’t Enough.

Dell Technologies stock fell after the company posted worse-than-expected revenue for its October quarter late Tuesday. For its fiscal third quarter, the company reported revenue of $24.4 billion, below the Wall Street consensus of $24.7 billion, according to FactSet. Dell also said AI server orders hit a record $3.6 billion in the third quarter and its pipeline grew by more than 50%. Read More...

Dell Technologies stock fell after the company posted worse-than-expected revenue for its October quarter late Tuesday. For its fiscal third quarter, the company reported revenue of $24.4 billion, below the Wall Street consensus of $24.7 billion, according to FactSet. Dell also said AI server orders hit a record $3.6 billion in the third quarter and its pipeline grew by more than 50%.

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