Diamonds and Dogs

8/30/24

Dell (DELL) jumps 4% on earnings thanks to strong demand from their AI products. Revenue from Dell's infrastructure solution and servers rose 38%. More specifically, demand for AI-optimized servers, including the flagship PowerEdge XE9680, rose 23% sequentially to $3.2 billion. Dell's AI pipeline now appears to be $11 billion to $13 billion, up from an estimated $8 billion to $10 billion in the first quarter.

Bad day, week and month for Super Micro Computer (SMCI). The stock fell 2% on the day, down 27% on the week and down 50% on the last two months as investors took profits, then a famous short seller questioned their accounting. Super Mirco confirmed the short seller's suspicions by delaying their 10-K for the second quarter. Not good.

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