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  Key Takeaways: Major gainers:  Nebius (+54%) on Microsoft AI deal, Wolfspeed (+67%) following court-approved restructuring, and Tourmaline Bio (+58%) on Novartis acquisition. Tech headlines:  Apple (-0.5%) ahead of iPhone launch; Dell (-0.8%) CFO exit but guidance reaffirmed. Volatile moves:  Eightco (+3,000% Monday, +17% more Tuesday) on Worldcoin bets; Planet Labs (-11%) after convertible note offering despite prior rally. Resource sector:  Teck Resources (+17%) merges with Anglo American to create a US$53 billion copper giant. Apple: Market Waits for iPhone Launch Apple shares fell 0.5%, extending Monday’s decline, ahead of its highly anticipated iPhone launch event. The company is expected to unveil four new models, including the iPhone 17 Air, which is rumored to be thinner and lighter. Apple stock has fallen 5% year-to-date. Dell: Leadership Change, Steady Outlook Dell shares declined 0.8% after CFO Yvonne McGill announced her resignation after 30 years ...

  Key Takeaways: Q2 beat, Q3 miss : Dell’s Q2 earnings of  $2.32/share  topped consensus ($2.29), but Q3 EPS guidance of  $2.45/share midpoint  fell short of expectations ($2.55). Revenue momentum : Q2 revenue rose to  $29.78 billion , ahead of estimates ($29.0 billion), reflecting resilience in PC and server demand. Market reaction : Shares slipped  4.4% after-hours , as investors focused on weaker earnings guidance despite a headline beat. Sector context : The miss highlights ongoing margin pressures in the PC and server industry, even as peers such as  HP Inc (+4.57%)  and  Microsoft (+0.57%)  trade higher on AI-driven optimism. Results Breakdown Q2 Earnings : Adjusted EPS: $2.32 vs. $2.29 expected. Revenue: $29.78B vs. $29.0B expected. Q3 Guidance : EPS: $2.45 (midpoint) vs. $2.55 expected. Revenue outlook not disclosed in detail but implied softer margins. Market and Investor Sentiment The results illustrate a  classic “be...

Targeted Tracking to Enforce Export Controls US authorities have reportedly deployed location-tracking devices in select shipments of advanced AI chips to detect and prevent illegal diversions to China, according to Reuters. The covert measures apply only to shipments under investigation and focus on high-risk exports restricted under US trade rules. Industry sources told Reuters that trackers have been found hidden in server shipments from  Dell Technologies  and  Super Micro Computer , containing chips made by  Nvidia  and  AMD . These devices are reportedly placed both externally on packaging and internally within server components. High-Stakes Enforcement Amid Relaxed Sales Terms The program reflects Washington’s intensified enforcement of semiconductor export restrictions to China, even as the Trump administration has allowed limited AI chip sales under new revenue-sharing arrangements. In one 2024 case, Dell servers carrying Nvidia chips were equipped...

Dell Technologies (DELL.US), a leader in AI-focused computing and server solutions, is set to report its third fiscal quarter earnings today after market close. Investors are eagerly awaiting insights into the state of demand for AI infrastructure. Key Expectations for Q3 Results Revenue forecast:  $24.7 billion Earnings per share (EPS):  $2.07 Q4 projections:  $25.5 billion in revenue, EPS of $2.64 (FactSet data). AI Infrastructure Leadership Dell has established itself as a prominent player in AI hardware, with notable clients like: Coreweave:  A cloud-computing company utilizing Dell’s infrastructure for GPU-powered services. xAI:  Elon Musk's AI venture, which relies on Dell hardware for its buildouts. The company recently became the  first to deliver server racks  using Nvidia’s advanced  GB200 NVL72 Blackwell system,  featuring  72 GPUs  for enhanced AI model training and query efficiency. This next-generation system is touted...

Dell Technologies Inc. plans to continue reducing its workforce through the fiscal year ending February 2025 as it navigates challenges related to cost control, declining demand for personal computers (PCs), and the profitability of servers optimized for artificial intelligence (AI). Key Takeaways: Focus on Cost Management : Dell will limit external hiring, reorganize jobs, and take additional actions to further reduce its overall headcount. This comes as the company strives to manage costs amidst concerns over the slow rebound in PC demand and the lower profitability of AI-optimized servers due to high costs associated with expensive components, such as Nvidia's computer chips. Mixed Performance in Core Businesses : While Dell is expanding its high-powered server business for AI work, which has driven a 39% increase in its stock this year, the profitability of this new growth area is under scrutiny. In the most recent quarter, a higher mix of AI servers negatively impacted margins...