Dell (DELL) jumps 5% on earnings and AI demand. Following better than expected earnings, Dell said, AI momentum was accelerating this year. Some analysts expected a deterioration in Dell’s margins due to the rising costs of components like memory chips, but profit margins of 21% were ahead of consensus estimates. Dell received a number of upgrades with price targets as high as $200 a share.

Workday (WDAY)  not working today. The software firm is down 7% following earnings that beat earnings expectations. Earnings easily beat expectations as sales rose 13% to $2.43 billion. However, guidance was not as optimistic as investors had hoped. Recent acquisitions of Paradox and Sana should boost growth prospects going forward. Wells Fargo reiterated an Overweight rating and a $290 price target.

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