Dell Profit Outlook; Gap Tariff Warning; Costco Jumps
On this episode of Stock Movers: - Dell Technologies (DELL) is higher this morning after reporting a profit outlook for the year that beat analysts' estimates. The company reported a significant increase in orders for servers to run AI networks, with $12.1 billion in AI orders in the quarter ended May 2, surpassing the entirety of shipments in all of FY25. Dell expects profitability to improve in its computer and servers-and-storage businesses, and has accelerated share repurchases, which will boost profit on a per-share basis. - Gap (GPS) is sinking on a tariff warning. The company predicted…
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