U.S. stock futures were lower this morning, with the Dow futures falling around 50 points on Wednesday.
There may be an opportunity to buy the dip in shares of PC maker Dell, according to Melius Research.
Shares are down almost 7% over the past five days even though they rose slightly on Tuesday.
Dell reported $24.4 billion in revenue for its third quarter — a 10% year-on-year increase. Revenues jumped 34% in Dell's ISG division, which includes the company's AI operations.
Shares of Dell and HP fell on Wednesday after the personal computer makers issued forecasts that cast doubt on a market recovery driven by artificial intelligence-enabled PCs.

Why Dell stock is crashing

06:02am, Wednesday, 27'th Nov 2024
Dell's (NYSE: DELL) share price is spiraling downward as investors digest the company's third-quarter earnings and future forecasts.

Dell: Market Overreacts To Q3 Earnings

06:00am, Wednesday, 27'th Nov 2024
Dell Technologies' 11% post-earnings sell-off is an overreaction, presenting a strong buying opportunity. The company's ISG segment is thriving, driven by AI server demand, with a 34% revenue increase
Nova Minerals Ltd (ASX:NVA, NASDAQ:NVA) has opened higher on the ASX on welcoming additional high-grade gold surface sample assay results — of up to 128.5 g/t gold — from Muddy Creek prospect at t
Empire Energy Group Ltd (ASX:EEG, OTC:EEGUF) has secured a milestone A$65 million financing package with Macquarie Bank for development of its Beetaloo Basin operations in the Northern Territory of Au
Regenerative medicine company Orthocell Ltd (ASX:OCC, OTC:ORHHF) has appointed Device Technologies Asia (DVT Asia) as the exclusive distributor for its market-leading nerve repair device, Remplir™,
Predictive Discovery Ltd (ASX:PDI, OTC:PDIYF) has hit more high-grade gold in resource definition drilling at the Fouwagbe target of the Bankan Gold Project in Guinea as it works toward a maiden miner
I reiterate a 'Strong Buy' rating on Dell with a one-year target price of $210 per share, driven by robust AI server growth. DELL reported 9.5% revenue growth and 14% adjusted EPS growth, primarily fu
Dell (DELL) posted third-quarter revenue that fell short of analysts' expectations, sending shares lower after the closing bell Tuesday.

EARNINGS ALERT: WDAY, CRWD, DELL, ADSK

04:53pm, Tuesday, 26'th Nov 2024
A slew of tech stocks served up earnings ahead of the Thanksgiving holiday. Caroline Woods and Scott Durfey join Oliver Renick to break down reports from Workday (WDAY), Crowdstrike (CRWD) and Dell (D
Dell Technologies Inc (NASDAQ:DELL) posted strong third-quarter earnings driven by record AI server demand, though revenue fell short of Wall Street expectations, sending shares down 5% in postmarket�
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