{"id":73857,"date":"2024-03-01T08:58:50","date_gmt":"2024-03-01T13:58:50","guid":{"rendered":"https:\/\/blog.t3live.com\/?p=73857"},"modified":"2024-03-01T08:58:50","modified_gmt":"2024-03-01T13:58:50","slug":"coffee-with-greta-ai-fueled-record","status":"publish","type":"post","link":"https:\/\/blog.t3live.com\/2024\/03\/01\/coffee-with-greta-ai-fueled-record\/","title":{"rendered":"Coffee With Greta: AI-Fueled Record"},"content":{"rendered":"

DJIA Futures: <\/b>-34 (-0.1%)<\/span><\/p>\n

SPX Futures: <\/b>+1 (0.02%)<\/span><\/p>\n

NASDAQ Futures: <\/b>+7 (+0.04%)<\/span><\/p>\n

Good morning friends!<\/span><\/p>\n

Futures are flat after Thursday\u2019s record-breaking climb.<\/span><\/p>\n

Let\u2019s get right to it!<\/span><\/p>\n

Record Highs<\/span><\/h2>\n

The <\/span>Nasdaq <\/b>and the <\/span>S&P 500 <\/b>both ended the month of February at record highs.\u00a0<\/span><\/p>\n

The tech-heavy Nasdaq ended Thursday\u2019s session 0.6% higher at 16,082.33, the first record close since 2021.\u00a0<\/span><\/p>\n

The S&P rose 0.4% to a record close of 5,097.27.\u00a0<\/span><\/p>\n

All the major indexes rose in February with the <\/span>Dow <\/b>ending the month 1.8% higher, the S&P 500 rising 4.6%, and the Nasdaq leading with a 5.2% monthly gain.\u00a0<\/span><\/p>\n

It was the Dow\u2019s first four-month winning streak since May 2021.<\/span><\/p>\n

Dell Surges On Earnings Beat, Strong AI Demand<\/span><\/h2>\n

Dell Technologies <\/b>(DELL) shares are surging 27.3% ahead of the open after beating Q4 expectations on the top and bottom line.\u00a0<\/span><\/p>\n

Here\u2019s how the computer software company\u2019s results compared to analysts\u2019 estimates:\u00a0<\/span><\/p>\n

    \n
  • EPS: $2.20 vs 1.73 expected<\/span><\/li>\n
  • Revenue: $22.32 billion vs $22.16 billion expected<\/span><\/li>\n<\/ul>\n

    The stock is on track to open at a fresh all-time high following that beat.\u00a0<\/span><\/p>\n

    Dell reported a surge in demand for its artificial intelligence servers as its backlog rose to $2.9 billion from $1.6 billion in Q3.<\/span><\/p>\n

    The majority of those servers are powered by <\/span>Nvidia <\/b>(NVDA) H100 chips.<\/span><\/p>\n

    Dell\u2019s COO also said the company is seeing strong interest in servers equipped with the next generation of AI chips, including <\/span>Advanced Micro Devices <\/b>(AMD)\u2019s MI300x and Nvidia\u2019s H200.<\/span><\/p>\n

    That demand is helping to push NVDA shares up 1.1% and AMD shares up 2.7%.<\/span><\/p>\n

    Hewlett Packard Drops On Revenue Drop<\/span><\/h2>\n

    Hewlett Packard Enterprise <\/b>(HPE) shares are falling 3.2% in premarket trade after reporting a steep drop in fiscal Q1 revenue.\u00a0<\/span><\/p>\n

    Here\u2019s how the information technology company\u2019s results compared to analysts\u2019 estimates:\u00a0<\/span><\/p>\n

      \n
    • Adjusted EPS: $0.48 vs $0.45 expected<\/span><\/li>\n
    • Revenue: $6.76 billion vs $7.09 billion expected<\/span><\/li>\n<\/ul>\n

      Revenue tumbled 14% year over year.\u00a0<\/span><\/p>\n

      HPE forecast fiscal Q2 revenue between $6.6 billion and $7 billion vs $7.1 billion expected.\u00a0<\/span><\/p>\n

      In Case You Missed It<\/span><\/h2>\n
        \n
      • Pending home sales dropped unexpectedly in January. The National Association of Realtors reported the number of contracts signed to purchase a home fell 4.9% vs expectations for a 1.5% increase. It was the largest monthly drop in pending sales since August 2023 as rates pushed higher at the end of January. Transactions were down 8.8% year over year.<\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"

        DJIA Futures: -34 (-0.1%) SPX Futures: +1 (0.02%) NASDAQ Futures: +7 (+0.04%) Good morning friends! Futures are flat after Thursday\u2019s record-breaking climb. Let\u2019s get right to it! Record Highs The Nasdaq and the S&P 500 both ended the month of February at record highs.\u00a0 The tech-heavy Nasdaq ended Thursday\u2019s session 0.6% higher at 16,082.33, the first record close since 2021.\u00a0 The S&P rose 0.4% to a record close of 5,097.27.\u00a0 All the major indexes rose in February with the Dow ending the month 1.8% higher, the S&P 500 rising 4.6%, and the Nasdaq leading with a 5.2% monthly gain.\u00a0 It was the Dow\u2019s first four-month winning streak since May 2021. Dell Surges On Earnings Beat, Strong AI Demand Dell Technologies (DELL) shares are surging 27.3% ahead of the open after beating Q4 expectations on the top and bottom line.\u00a0 Here\u2019s how the computer software company\u2019s results compared to analysts\u2019 estimates:\u00a0 EPS: $2.20 vs 1.73 expected Revenue: $22.32 billion vs $22.16 billion expected The stock is on track to open at a fresh all-time high following that beat.\u00a0 Dell reported a surge in demand for its artificial intelligence servers as its backlog rose to $2.9 billion from $1.6 billion in Q3. The majority of those servers are powered by Nvidia (NVDA) H100 chips. Dell\u2019s COO also said the company is seeing strong interest in servers equipped with the next generation of AI chips, including Advanced Micro Devices (AMD)\u2019s MI300x and Nvidia\u2019s H200. That demand is helping to push NVDA shares up 1.1% and AMD shares up 2.7%. Hewlett Packard Drops On Revenue Drop Hewlett Packard Enterprise (HPE) shares are falling 3.2% in premarket trade after reporting a steep drop in fiscal Q1 revenue.\u00a0 Here\u2019s how the information technology company\u2019s results compared to analysts\u2019 estimates:\u00a0 Adjusted EPS: $0.48 vs $0.45 expected Revenue: $6.76 billion vs $7.09 billion expected Revenue tumbled 14% year over year.\u00a0 HPE forecast fiscal Q2 revenue between $6.6 billion and $7 billion vs $7.1 billion expected.\u00a0 In Case You Missed It Pending home sales dropped unexpectedly in January. The National Association of Realtors reported the number of contracts signed to purchase a home fell 4.9% vs expectations for a 1.5% increase. It was the largest monthly drop in pending sales since August 2023 as rates pushed higher at the end of January. Transactions were down 8.8% year over year.<\/p>\n","protected":false},"author":41,"featured_media":73861,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[739],"tags":[],"class_list":["post-73857","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-coffee-with-greta"],"_links":{"self":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/73857","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/comments?post=73857"}],"version-history":[{"count":2,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/73857\/revisions"}],"predecessor-version":[{"id":73862,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/73857\/revisions\/73862"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media\/73861"}],"wp:attachment":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media?parent=73857"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/categories?post=73857"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/tags?post=73857"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}