Last week, Dell Technologies Inc (NYSE: DELL) had its best stock market day since its 2018 return to the public market after it reported its fiscal second quarter results. Despite a revenue decline, Morgan Stanley named the computer maker as its top hardware pick, dethroning Apple Inc (NASDAQ: AAPL) as Dell emerged as an early winner of the Generative AI momentum. While HP Inc (NYSE: HPQ) lost its ground on soft guidance with its shares falling 6.6% upon the report on Tuesday, Dell shares surged 21.3% on Friday. Salesforce (NYSE: CRM) also provided some much-needed good news for the tech sector with its shares rising 3% on Thursday after the software giant lifted the annual guidance and topped Q2 estimates, guiding for improved demand for the second half of the year.
Second Quarter Highlights
The maker of IT hardware and infrastructure technology reported a 13% YoY revenue ...