DELL

US major indices closed mixed in a highly volatile session: the Dow rose 0.17% while the S&P fell 0.26% and the Nasdaq dropped 0.97%, with intraday ranges of over 1,000 points on the Dow and 1,279 points on the Nasdaq. Chip and AI-linked stocks led losses — dragged by Broadcom's prior forecast miss and a near-7% drop in the Philadelphia Semiconductor index — while airlines rallied 3–7% on lower oil prices tied to potential Iran-US de-escalation. A stronger-than-expected May jobs report (172K vs. consensus) revived rate-hike fears ahead of Tuesday's CPI print, pressuring high-valuation growth stocks.

A broad Americas FX/markets wrap covering June 2 session highlights: US April JOLTS job openings came in well above expectations at 7.62M (vs. 6.88M est.), reducing near-term Fed rate-cut pressure; Alphabet fell 3.86% after announcing an $80B equity raise tied to AI spending; Marvell surged ~32.5% after Nvidia CEO Jensen Huang called it a future trillion-dollar company. Other notable movers included HPE (+19.47% on earnings beat), Dell (-6.54%), Strategy/MSTR (-9.15% on Bitcoin's -6% drop), and Figma (-10.53%). Major indices closed mixed: Dow +0.45%, S&P +0.13%, Nasdaq flat.

Hewlett Packard Enterprise (HPE) surged after issuing a massive guidance hike, following a similar move by Dell. The article draws a parallel between the two companies, suggesting strong business conditions in their shared market segments. The tone implies AI/server infrastructure demand is driving outsized forward outlooks for both firms.

A broad Asia-Pacific FX/macro wrap covering geopolitical and market developments: oil prices rose as US-Iran nuclear talks stalled, Iran's president reportedly resigned amid IRGC power consolidation (denied by Tehran), and the US Navy has been quietly escorting ~70 vessels through the Strait of Hormuz over three weeks. The Commerce Department closed a loophole allowing Chinese firms to acquire Nvidia and AMD chips via overseas subsidiaries, and Berkshire Hathaway confirmed an $8.5bn all-cash acquisition of homebuilder Taylor Morrison at a 24% premium.

A broad Asia-Pacific FX wrap covering multiple macro and company-specific developments: a tentative but unsigned US-Iran 60-day ceasefire extension kept risk sentiment cautious; Tokyo core CPI missed forecasts across all measures in May, complicating the BOJ's case for a June rate hike; and RBNZ Governor Breman signalled rates will rise sooner and by more than previously indicated. Dell surged 25%+ after record Q1 FY27 earnings and a $9.7 billion Pentagon software contract award.

IREN shares rose sharply after the company announced a $1.6 billion deal with Dell to expand its AI cloud business. The partnership represents a significant contract win for IREN, signaling a major push into AI infrastructure. Dell is the equipment or services provider in the arrangement.

Jim Cramer's daily market watch list highlights Melius Research bullish calls on Dell and Apple, and notes that Amazon's custom AI chips are more competitive than previously assessed. The piece is a recap-style segment aggregating multiple brief mentions across stocks. No new fundamental data or confirmed corporate actions are reported.

Major US stock indices closed marginally higher on May 11, led by the Russell 2000 (+0.33%), with the Dow and S&P each up 0.19% and the NASDAQ up 0.10%. Session performance was bifurcated, with semiconductors, AI, and commodity names among the top gainers while consumer discretionary, retail, and select high-growth stocks saw notable selling. Markets are also focused on upcoming CPI data and US-China trade talks beginning Wednesday.