Nvidia Jumps 4% After Dell Lifts Fiscal 2027 Earnings Outlook by More Than 40%
Updated
Updated · CNBC · Sep 2
Nvidia Jumps 4% After Dell Lifts Fiscal 2027 Earnings Outlook by More Than 40%
3 articles · Updated · CNBC · Sep 2
Summary
Nvidia shares rose 4% after Dell reported a strong quarter, giving chip investors fresh evidence that AI infrastructure spending remains robust.
Dell beat on revenue and profit and raised fiscal 2027 earnings guidance by more than 40%, reinforcing expectations for continued AI server demand.
That matters for Nvidia because most of Dell's AI server business uses racks built with Nvidia chips, tying Dell's momentum directly to Nvidia's sales outlook.
The move came as the broader market tried to snap a three-day losing streak, even with sentiment still pressured by higher oil prices, rising bond yields and renewed U.S. strikes on Iran.