Dell climbs after raising FY forecast on Nvidia-powered AI servers' demand

Secureworks

30/08/2024 10:05

** Dell Technologies  DELL.N  rises 6.2% to $117.7 premarket
    ** PC maker lifts annual earnings forecast on higher demand
for its Nvidia  NVDA.O -powered AI-optimized servers
    ** Q2 adj. profit, rev beat estimates
    ** AI-optimised server rev's 23% growth outpaces overall rev
growth of 9%
    ** Avg rating of analysts is "buy" or higher; their median
PT is $155 - LSEG data
    ** DELL up ~45% YTD
    ** Reuters reports DELL exploring sale of cybersecurity firm
SecureWorks  SCWX.O 

 (Reporting by Nikhil Sharma in Bengaluru)
 ((Nikhil.Sharma@thomsonreuters.com;))