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Dell Technologies entered Google's push into premium AI laptops with the new XPS Googlebook, a $1,199 machine pairing a 13-inch design with Qualcomm's Snapdragon X Elite and software built around Google's Gemini AI, and shares fell approximately 2.5% to $561.01. The laptop is only one piece of Dell's AI story: the company's latest quarter generated a record $60.9 billion of AI-server orders and $16.4 billion of AI-server revenue, giving Dell a much bigger growth engine behind the new consumer device. The valuation picture is harder to ignore, with Dell's $561.01 share price sitting 143.19% above the $230.69 GF Value estimate. The Googlebook adds another premium product and could deepen Dell's position across AI devices, but there is no disclosed sales target, margin outlook or unit commitment yet. For investors, the bigger question is whether Dell can turn this new AI-PC exposure into meaningful earnings growth while its valuation already leaves little room for disappointment.

Oracle's latest layoffs fell hardest on software developers, engineers, and managers inside its cloud infrastructure division, with 546 workers cut in its America Cloud Infrastructure organization, roughly 7.6% of the 7,185 employees it covers, according to a document obtained by Business Insider. Software developer III recorded the highest number of departures of any title at 57, and software developers overall accounted for roughly 17% of the total cuts, while positions with "manager" in the title accounted for 128 of the terminations, close to a quarter of all those listed, including 61 program manager roles. Oracle's data center support services unit lost 41 workers, among them the division's vice president and two senior directors. Most of the workers named had passed their 40th birthday and about one in six was at least 60 years old; Oracle said the information was disclosed to comply with federal age discrimination laws. Oracle has not disclosed the total number of employees laid off last week, out of roughly 141,000 before the cuts, after shedding about 21,000 positions, or 13% of its workforce, over the fiscal year ended May 31, 2026, partly attributed to AI deployment. The cuts come as Oracle absorbs a steep rise in capital spending tied to its AI data center buildout, with cloud infrastructure revenue up 121% year over year in the most recent quarter and plans to spend $90 billion to $95 billion on data center construction in fiscal 2027. Chief Financial Officer Hilary Maxson told employees at a companywide meeting last week that the layoffs should not be understood as a directive to do more with fewer resources, and the restructuring plan carries a total estimated cost of roughly $2.8 billion, with approximately $2.1 billion in charges recorded through August 31.