Heard on the Street Friday Recap: Server Reboot
·1 min
Technology stocks and AI hype took a brief pause on Friday, temporarily halting their impact on the market. The pause may be attributed to Dell’s quarterly results, which shed light on the potential misplacement of AI hopes. Though Dell had experienced a surge in stock due to server sales for artificial-intelligence use, it became apparent that the company was not generating significant profits from these sales. Operating margins for the server segment decreased to 8% from the previous year’s 9.7%.