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AI & Enterprise

Dell revenue surges on AI server demand, shares jump 38 percent

Dell Technologies posted its fastest revenue growth in more than seven years since returning as a listed company, driven by rising AI server sales. In after-hours trading following its earnings release, Dell shares rose 38 percent. First-quarter revenue jumped 88 percent to $43.84 billion and adjusted earnings were $4.86 per share, both beating expectations. AI server revenue surged 757 percent to $16.1 billion, and Dell raised its annual outlook to above $60 billion.

AI & Enterprise

Snowflake soars 40 percent to recover year-to-date losses; AI chip supercycle expectations

Snowflake shares surged about 40 percent on May 28, recovering their cumulative decline since the start of the year in a single session. The AI data cloud company posted results that beat market expectations and said it signed a $6 billion long-term contract with Amazon Web Services. Revenue rose 33 percent to $1.39 billion, while adjusted earnings per share topped forecasts. Snowflake raised its fiscal 2027 annual product revenue guidance to $5.84 billion.

AI & Enterprise

Zscaler shares plunge more than 30 percent in a day after weaker guidance

Shares of cybersecurity firm Zscaler fell more than 30 percent on May 27, the report said, after the company issued guidance that fell short of expectations despite quarterly results beating forecasts. Zscaler projected fiscal 2027 annual recurring revenue growth of 16 to 17 percent year on year, below StreetAccount estimates, and gave quarterly revenue guidance of $875 million to $878 million, slightly under FactSet’s forecast.