US Markets Hit Records on AI Boom as Trump Weighs Iran Peace Deal
The Dow, S&P 500, and Nasdaq capped a winning May with record highs, propelled by an aggressive AI-fueled rally. Dell Technologies sparked a sector-wide surge after reporting a massive 757% spike in AI server revenue and $60 billion in sales, pushing its stock toward $400. This momentum extended to Hewlett Packard Enterprise and helped Micron Technologies and SK Hynix join the trillion-dollar market cap club. Simultaneously, geopolitical tensions persist as President Trump concluded a situation room meeting without a final decision on a deal to pause the three-month-old war with Iran. Trump demanded that Iran renounce nuclear weapons and reopen the Strait of Hormuz, though Iranian state media indicated that no agreement has been reached.
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Stock Market Today, May 29: Hewlett Packard Enterprise Surges After Dell AI Server Results Spark Sector Rally
U.S. markets closed ... Hewlett Packard Enterprise (NYSE:HPE), which develops intelligent solutions across servers, hybrid cloud, and networking, closed Friday at $43.09, up 12.76%. The stock moved higher after Dell’s strong AI server results spurred a sympathy rally in AI infrastructure names.
Trump claims to be on verge of peace deal but Iran signals no agreement reached | US-Israel war on Iran | The Guardian
In a post on his Truth social platform, Trump said Iran ‘must agree that they will never have a Nuclear Weapon or Bomb’. Photograph: Samuel Corum/Pool/CNP/Shutterstock ... US president did not announce decision on deal that could open strait of Hormuz after two-hour situation room meet
Dell reported its fastest pace of revenue growth for any period since its return to the public market more than seven years ago, and topped analysts' estimates for sales and profit. The stock climbed as much as 39% in extended trading on Thursday. Here's how the company did in comparison with LSEG consensus: Earnings ...
Earnings increased 47%, with price hikes benefiting margins. Today, 3.6% of Dell's revenue derives from consumers, through laptop PCs, desktops, monitors and webcams. On Thursday, Dell announced another quarter of impressive results, with total revenue surging almost 88% and AI server revenue spiking 757%. The stock ...
Dell Technologies (DELL) stock is on the move in Friday's pre-market trading as its share price soars by as much as nearly 40% — bringing the share price into the $400 range — after reporting a booming $60 billion in AI server sales for the company's first quarter. Morning Brief Host Julie Hyman and Yahoo Finance Head of News Myles Udland dive into Dell's earnings ...
President Donald Trump ended a ... final decision on whether to approve a deal to pause the three-month-old Iran war. Trump earlier said he would be making his "final determination" during that meeting. Iran "must agree" to never have a nuclear weapon, and the Strait of Hormuz must be "immediately open" to unrestricted shipping traffic, Trump demanded on Truth Social. Iranian state news outlet Fars ...
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