U.S. stock abnormal movement | Q2 AI server profit margin narrowing raises concerns, Dell Technology (DELL.US) drops nearly 10%
According to the Securities Times app, on Friday, Dell Technologies (DELL.US) fell nearly 10% to $121.06. In terms of news, the company's second-quarter sales increased by 19% to $29.8 billion, higher than the average expectation of $29.2 billion. Adjusted earnings per share were $2.32, higher than the analyst's average expectation of $2.30. The financial report shows that the sales of artificial intelligence (AI) servers decreased compared to the previous quarter, and the profit margin of these high-performance machines was lower than analysts' expectations. In the second quarter ending on August 1, Dell recorded $5.6 billion in AI server orders, lower than the $12.1 billion in the previous quarter. The company shipped servers worth $8.2 billion this quarter, with a backlog of orders worth $11.7 billion at the end of the quarter.
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