Dell Technologies IncRaised annual revenue and profit forecasts on strong demand for AI-optimized servers.
U.S. stock index futures edged lower on Wednesday as investors contended with a global bond selloff, elevated energy prices, and expectations of a Federal Reserve rate hike, pressuring rate-sensitive tech stocks. Dell Technologies climbed nearly 10% after raising its annual revenue and profit forecasts on strong demand for AI-optimized servers, while Hewlett Packard Enterprise rose 4.7% ahead of its earnings. MongoDB tumbled 13.6% despite beating fiscal second-quarter estimates, as investors focused on outlook and valuation. GitLab surged 22% after delivering strong results and raising full-year guidance. Uber Technologies rose 2.4% on plans to cut about 3,300 jobs, and Sirius XM gained 3.1% after a Deutsche Bank upgrade.
Dell Technologies IncRaised annual revenue and profit forecasts on strong demand for AI-optimized servers.
Gitlab IncDelivered strong results and raised full-year guidance.
Hewlett Packard Enterprise Co
NVIDIA Corporation
Super Micro Computer Inc
MongoDBTumbled despite beating estimates as investors focused on outlook and valuation.
Sirius XM Holding IncUpgraded by Deutsche Bank.
Uber Technologies IncPlans to cut about 3,300 jobs, likely improving efficiency and costs.