the dell technologies is a big company and they make computers and other things. soon they will tell us how much money they made in the last few months. people who study and work with money are excited to see the numbers because it helps them know if it's a good time to buy or sell dell's things. those numbers can also tell us if people are using computers more or less. a smart person named samik chatterjee thinks that even though there are some worries, dell is still doing okay because more people are using computers with special things called "artificial intelligence". those computers help people do more things in less time. that's why people are watching closely what dell will say about their business. Read from source...
No information given.
Following are the excerpts from the detailed report:
- Cloud and artificial intelligence revenue generation and future opportunities could be the key items analysts and investors are watching for in the second-Quarter earnings report from Dell Technologies DELL on Thursday after market close. Analysts expect Dell to report second-quarter revenue of $24.14 billion, according to data from Benzinga Pro. In the first quarter, Dell made their AI opportunity known.
- JPMorgan analyst Samik Chatterjee said in a new investor note that investors are concerned that cost cuts and workforce reductions are a sign of weakened demand. "We believe these concerns will be trounced by the strong demand backup for AI servers, as evidenced by revenue guidance from Super Micro." Chatterjee said cost cuts are part of the company's transformation and could help improve profit margins from its AI server opportunity.
- While many analysts have been cutting their price targets, CNBC host Jim Cramer called the bottom in the stock in mid-August, following an upgrade from Barclays. "Historically, you want to buy this company after it's been hammered. Regardless, it's just been right to do that, so I agree with Barclays. This stock should be bought right here," Cramer said.
- Analysts expect the company to report second-quarter earnings per share of $1.71, which would be down from $1.74 reported in last year's second quarter. The company has beaten analyst estimates for earnings per share in nine straight quarters.
### BEN:
Dell Technologies is set to report its second-quarter financial results after market close on Thursday, and analysts and investors will be closely watching the company's progress on margins and artificial intelligence (AI) opportunities. AI is expected to be a key item of interest for investors, following Dell's first-quarter financial report, in which the company highlighted its AI opportunity and reported AI-optimised server orders growing, with shipments up more than 100% quarter-over-quarter. In addition, AI-driven compute investment cycles are expected to benefit branded server companies, with companies selling higher-end servers with higher average sale prices.