Dell Seeks $4 Billion as AI Boom Fuels Growth and Debt Management
Dell Technologies is raising approximately $4 billion through a bond sale to refinance debt, capitalizing on strong AI infrastructure demand that has boosted its revenue forecasts.
US stocks slip after oil prices and the bond market crank up the pressure
U.S. stock indexes declined as rising Treasury yields and elevated oil prices weighed on investor sentiment, with the S&P 500 falling 0.4% and the Nasdaq composite sinking 0.8%.
Borr Drilling to sell 51% stake in Perfomex to Mexican partner
Borr Drilling agreed to sell its 51% stake in Mexican joint venture Perfomex to local partners, fully exiting the investment while maintaining ownership of three jack-up rigs through bareboat charter agreements.
Salesforce stock jumps 18% on AI growth and Anthropic investment gain
Salesforce shares surged 18% after the cloud software company reported second-quarter results and full-year guidance that exceeded analyst expectations, boosted by a $2.6 billion gain from its Anthropic investment stake.
Okta pops 20% after topping estimates as AI threat spikes demand for identity security
Okta shares surged 20% after the identity software provider exceeded fiscal second-quarter estimates, driven by strong demand for AI security tools and identity management solutions.
Marvell shares tumble 6% as outlook underwhelms despite 37% revenue growth
Marvell Technology shares declined 6% Friday despite reporting 37% revenue growth and raising its fiscal 2028 revenue outlook to $18 billion, as investors found the guidance insufficient.