DELL) stock fell after the company gave a mixed revenue outlook for the current quarter

DELL) reported adjusted earnings of $1.91bn (£1.52bn), or $2.68 per share, an increase from $1.66bn

DELL) stock fell on Wednesday after the company gave a mixed revenue outlook for the current quarter, slipping 1% in pre-market trading after a 6% drop in the last session.

DELL) reported adjusted earnings of $1.91bn (£1.52bn), or $2.68 per share, an increase from $1.66bn, or $2.27 per share, a year ago. While the company exceeded expectations, its revenue of $23.9bn, up 7% year-over-year, slightly missed analyst consensus from Visible Alpha.

DELL) servers and networking division, where revenue soared by 37%, reaching $6.6bn. This rise was fuelled by strong demand for both AI and traditional server products.

DELL) anticipates significant growth in its AI business. For the fiscal year ending in January 2026, the company expects to ship $15bn worth of AI servers, marking a 50% increase over the $9.8bn shipped in the prior fiscal year.

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DELL) said its gross margin in the fiscal year will decline one percentage point from a year earlier. AI hardware has squeezed the company’s profitability, largely due to the need for expensive chips from Nvidia (NVDA).

BABA)

BABA) has announced a £41.5bn investment in artificial intelligence and cloud computing over the next three years.

ASML)

ASML) stock was higher in pre-market trading after losing 6.5% on Wednesday as investors have had more time to digest the Dutch semiconductor equipment company’s earnings.

on Wednesday reported earnings per share of €6.85, ahead of the €6.68 expected, and its quarterly revenue of €9.2bn topped the €9bn forecast, according to Bloomberg consensus estimates.

ASML) invented the technology required to make the world’s most advanced artificial intelligence chips and is the only manufacturer of the complex machines that use its EUV lithography technology. The latest version of those EUV machines costs nearly $400m.

ASML) sells its machines to chip manufacturers such as TSMC (TSM), which uses those machines to produce chips for Nvidia (NVDA), Apple (AAPL), and other tech companies.

Read more: Top rated European stock alternatives to Nvidia and US Big Tech

BTC-USD)

BTC-USD) has experienced a sharp decline, plummeting by 25% over the past month as broader market uncertainty continues to impact the cryptocurrency landscape.

BTC-USD) fell below $80,000 for the first time since November, dropping as much as 7.1% in a single day. The cryptocurrency’s low of $78,956 marks a stark contrast to the highs of over $109,000 reached just a month ago.

BTC-USD) is now on track for its worst month in three years. The last time the largest cryptocurrency fell as much as June 2022, when it fell by more than a third. This week alone, BTC has dropped almost 18%, the steepest slide since the week ended Nov. 13 of the same year.

IAG.L)

IAG.L) beat expectations in its full-year results as strong travel demand in the post-pandemic era continued through 2024.

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IAG.L) announced a €1bn share buyback programme to be implemented over the next 12 months.

IAG.L), which owns five airlines including Spain’s Iberia and Ireland’s Aer Lingus.

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