$DELL

Financial stocks fell sharply as AI disruption concerns and stronger-than-expected inflation data sparked a broad market selloff. Banks and private equity firms were hardest hit.

Dell exceeded earnings expectations driven by strong AI server demand, posting record revenue of $113.5B. Company raised FY2027 guidance significantly, citing $64B in AI orders and robust backlog.

U.S. equity futures mixed as jobless claims rise to 212,000. Tech stocks diverge on earnings; Nvidia rallies while Salesforce and The Trade Desk decline on guidance concerns.

Nvidia poised to beat earnings expectations with strong AI demand, while Intuit struggles with competitive AI threats to its core business, down 42.5% in three months.