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Investopedia
Dell Stock Falls As Earnings, Revenue Beat On Surging AI Server Demand Fails To Impress
~1.2 mins read

Dell Technologies (DELL) reported first-quarter revenue and earnings that beat analysts' estimates on surging demand for artificial intelligence (AI) servers, though shares tumbled over 17% in extended trading Thursday as Dell's results failed to impress.

Dell reported revenue of $22.24 billion for the fiscal first quarter of 2025, up 6% from the year-ago period, and above analysts' expectations, according to estimates compiled by Visible Alpha.

Net income came in at $955 million or $1.32 per share, versus $578 million or 79 cents per share in the same period a year prior, also beating analysts' projections.

Despite revenue and earnings beating analysts' expectations, Dell reported a double-digit decline in operating income. Operating income was $920 million, down 14% from the year-ago period.

Last quarter, AI momentum sent Dell's stock price soaring in the wake of the company's earnings release. Dell Chief Operating Officer (COO) Jeff Clarke reassured investors about Dell's AI potential, saying "no company is better positioned than Dell to bring AI to the enterprise."

He added that "servers and networking hit record revenue in Q1, with our AI-optimized server orders increasing sequentially to $2.6 billion, shipments up more than 100% to $1.7 billion, and backlog growing more than 30% to $3.8 billion."

Dell shares were down 17.2% at $140.73 in extended trading as of 5 p.m. ET Thursday following the company's earnings release.

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Investopedia
Salesforce Stock Sinks, Dragging The Dow And These ETFs With It
~1.2 mins read

Salesforce (CRM) stock is on course for its worst one-day loss since 2004, hurting the Dow Jones Industrial Average and a batch of exchange-traded funds (ETFs) with meaningful exposure to the company or to the Dow.

Shares fell Thursday after the customer relationship management company reported fiscal first-quarter revenue that came in lower than analysts' estimates, and provided management guidance that was also weaker than expected.

The Dow fell more than 400 points before pulling back a little, sending ETFs tracking the Dow trending lower.

The SPDR Dow Jones Industrial Average ETF (DIA), the largest ETF tracking the 30-stock index with more than $32 billion in assets, fell 0.7% Thursday. Salesforce is the ETF's seventh-largest holding, comprising about 4.64% of its portfolio.

A big loser Thursday was the iShares Expanded Tech-Software Sector ETF (IGV), which has an 8% holding in Salesforce. The ETF has around $6 billion in assets, according to company data, and was down more than 5%. The SPDR Technology Select Sector SPDR (XLK) was lower by 2%, and has 2.7% exposure to the company. That ETF is more heavily exposed to Microsoft (MSFT) and Apple (AAPL), with holdings of around 20% in each.

Another big decliner Thursday was the $5.2 billion First Trust Dow Jones Internet Index Fund (FDN), which focuses on the technology components of the Dow. The fund was trading down 3% in reflection of a 4.88% exposure to Salesforce stock.

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Instablog9ja
Fans Heave A Sigh Of Relief As Wizkid Extends An Olive Branch To Don Jazzy
~0.5 mins read

Wizkid is definitely a big fan of the girlies, Ayra Starr and Tems and we love to see how he’s supporting them and their projects on social media!

The ‘Essence’ singer who was active on X (formerly known as Twitter) in the early hours of today showed his support to Ayra Starr who just released her album

He posted the streaming link to her album on his official X page with the caption ‘Superstar’. Ayra’s music label boss Don Jazzy reposted the co-sign from Wizkid. “Thanks Big Wiz”, Don wrote. The reply from the music mogul convinced fans that all was well again between him and Wizkid.

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Instablog9ja
Man Calls Out Civil Servants Who Have Relocated Abroad But Are Still Receiving Salary In Nigeria
~0.2 mins read

A man has called out people who have relocated outside the shores of Nigeria but have refused to resign from their jobs in the public sector.

He lamented about how such people still remain on the government’s payroll, thereby limiting opportunities for people to get jobs.

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Investopedia
Salesforce Stock Extends Earnings-Fueled Decline As Analysts Lower Price Targets
~1.8 mins read

Salesforce (CRM) shares extended their earnings-fueled decline in intraday trading Thursday after the customer relationship management (CRM) company reported first-quarter sales that missed estimates and offered weaker-than-expected guidance for the second quarter. Analysts lowered their price targets for Salesforce stock following the lackluster earnings report, though several maintained "buy" ratings, noting Salesforce could benefit from enterprise customers integrating artificial intelligence (AI).

Salesforce shares were down about 21% at $214.27 as of 3 p.m. ET Thursday, contributing to the stock's more than 18% fall since the start of 2024.

Analysts at Bank of America, Jefferies, and CFRA all lowered their price targets for Salesforce stock, citing concerns about slowing growth amid a challenging macro environment.

Bank of America analysts dropped their price target to $288 from $360, pointing to a "tough demand environment" for Salesforce's results.

CFRA analysts set their price objective at $300, lowering it from $330, saying that the second quarter guidance "implies sales growth decelerating to 7%-8% (full-year stays 8%-9%), the slowest pace in CRM's history, as the buying environment remains uncertain."

Jefferies lowered its target to $350 from $360, with the analysts saying that the "lackluster" earnings report highlighted the "volatility and the tough macro environment."

Despite lowering expectations for Salesforce's stock price, analysts highlighted potential growth opportunities for the company, particularly with AI adoption.

Wedbush analysts, who changed their target to $315 from $325 but maintained an "outperform" rating, said that they "would be buyers on weakness" as they still view Salesforce as a favorite tech name "as the AI story starts to take shape."

Bank of America analysts reiterated their "buy" rating on the stock, saying there are "some signs of green shoots forming" such as the company maintaining its full-year outlook despite weaker-than-expected first-quarter sales and second-quarter guidance.

CFRA analysts said "AI initiatives will take time to yield results," but noted they view "CRM as better positioned than most enterprise firms given access to customer data."

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Instablog9ja
Anyone Not Singing The Old National Anthem Is Sabøtaging Nigeria — Former Lagos Police PRO, Dolapo Badmus
~0.3 mins read

Dolapo Badmus, the former Lagos police PRO, has urged for the arrest of the Proprietor and Head Teacher of a private school for singing the “old” national anthem.

In a post she shared on IG, Dolapo said she was passing through the school this morning and heard the pupils singing the old National anthem. She said she has alerted the police to come and arrest them and will ensure they get charged to court

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