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Dell (DELL.N) reported an 88% surge in first-quarter sales, driven by demand for AI products, prompting the company to raise its full-year outlook. The company said Thursday it now expects full-year revenue to reach $165 billion to $169 billion, up from its previous range of $138 billion to $142 billion. It also raised its midpoint of adjusted earnings per share guidance to $17.90 from $12.90. Dell reported first-quarter profit of $3.44 billion, or $5.24 per share, compared with $965 million, or $1.37 per share, in the same period last year. Excluding certain one-time items, adjusted earnings per share were $4.86, exceeding analysts expectations of $2.96 surveyed by FactSet. Revenue surged 88% to $43.84 billion. The sales growth was driven by the Infrastructure Solutions segment, whose revenue nearly tripled to $29 billion. This growth was driven by AI-optimized servers and traditional servers. Dell expects its second-quarter revenue to be between $44 billion and $45 billion, with a median adjusted earnings per share of $4.80. According to a FactSet analyst survey, analysts expected revenue of $35.1 billion and adjusted earnings per share of $2.99. Dells stock price surged in after-hours trading, rising more than 12% at one point.Following the release of its financial report, Dell (DELL.N) shares surged in after-hours trading, currently up over 9%.Dell (DELL.N) expects revenue of $44 billion to $45 billion for Q2 of fiscal year 2027.Dell (DELL.N) reported revenue of $43.84 billion for Q1 of fiscal year 2027, compared to $23.378 billion in the same period last year and market expectations of $35.408 billion.According to Irans Tasnim News Agency, reports indicate that Iran launched missiles from its southern region, reportedly as a warning shot to enemy warships.

DOGE Eyes a Return to $0.0850 to Aim for $0.090 as FTX Contagion Declines

Daniel Rogers

Nov 23, 2022 15:37

截屏2022-11-23 下午2.24.11.png 

 

On Tuesday, both Dogecoin (DOGE) and shiba inu coin (SHIB) snapped two-day losing streaks. FTX contagion risk diminished as word of FTX cash holdings and investor interest in FTX assets spread. However, technical indications remain gloomy, with exponential moving averages (EMAs) predicting additional declines.

 

On Tuesday, dogecoin (DOGE) gained 5.23 percent. Reversing Monday's loss of 2.99%, DOGE ended the day at $0.0785. Notably, DOGE closed the day below $0.0800 for the third session in a row.

 

The mid-morning low for DOGE was $0.0729. Avoiding the First Major Support Level (S1) at $0.0715, DOGE climbed to a high of $0.0796 in the early afternoon. At $0.0774, DOGE surpassed the First Major Resistance Level (R1) before retreating. However, a late surge caused DOGE to surpass R1 and close the day at $0.0785.

 

You should only trade with capital that you can afford to lose while trading derivatives. The trading of derivatives may not be suitable for all investors; thus, you should ensure that you fully comprehend the risks involved and, if necessary, seek independent counsel. Before entering into a transaction with us, a Product Disclosure Statement (PDS) can be received through this website or upon request from our offices and should be reviewed. Raw Spread accounts offer spreads as low as 0 pips and a commission rate of $3.50 per 100,000 USD traded. Spreads on standard accounts begin at 1 pip with no additional commission fees. CFD index spreads begin at 0.4 points. This information is not intended for inhabitants of any country or jurisdiction where distribution or use would violate local law or regulation.

 

On Tuesday, the price of Shiba inu coin (SHIB) increased by 4.76 percent. SHIB closed the day at $0.000000881, reversing Monday's decline of 4.21%.

 

In line with the larger market, SHIB reached a low of $0.00000817 during midmorning. Finding support at the First Major Support Level (S1) at $0.00000816, SHIB surged to a high of $0.00000883 by early afternoon. At $0.00000873, SHIB surpassed the First Major Resistance Level (R1) and closed the day at $0.00000881.

 

FTX contagion risk diminished on Tuesday, providing assistance to DOGE, SHIB, and the broader market. Updates on FTX's assets revealed a substantial cash position, which would mitigate the impact of the company's bankruptcy on its creditors.

 

Reports that Justin Sun of Tron and Brad Garlinghouse of Ripple are interested in FTX assets generated additional support.

 

Nonetheless, Twitter news remained unfavorable for DOGE. There was no new information on Twitter's resumption of the crypto integration project that would promote DOGE adoption.

 

However, investor sentiment increased significantly this morning. Risk of FTX contagion remains the primary motivator. Until the court reveals who FTX's creditors are, downside risks will persist. On Tuesday, the bankruptcy judge ruling over FTX decided to redact the identities of FTX's creditors.

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