Dell jumped almost 16% after another strong quarter, taking the stock back towards $500.
Although this move is dramatic, what people are missing is that Dell has already spent roughly three months trading around these levels…
But holders should not ought to be too unsatisfied about these results, especially when Dell had crypto-like moves this year, going from about $114 in February to above $400 by late May.
That’s around a 350% gain in a single quarter.
The question now is, even if Dell delivered on earnings yet again, are the peak earnings already in?
Do macro and future guidance justify large specs to invest more, after such an extreme run?
Guidance did the heavy lifting
Revenue reached $47.0 billion, AI server orders hit $60.9 billion and backlog climbed to $95 billion.
Those numbers describe the quarter that just ended. The bigger signal came from management's outlook.
