00:00 Speaker A
Now, time for some of today’s trending tickers. We are watching Dell, Core Weave and Duolingo.
00:05 Speaker A
First up, let’s talk about Dell. The computer giant shares, they’re edging higher, actually more than edging, they’re jumping higher up 11%. A reported better than expected earnings. Dell benefiting from the AI boom. The company’s projecting AI server sales to hit $50 billion dollars and analysts say this is a sign of robust demand for Dell’s machines which help the expansion of AI data centers.
00:27 Speaker A
Company also raised its annual dividend by 20%.
00:31 Speaker A
And next, let’s look at Core Weave, the so-called neo cloud. It’s one of Dell’s key partners and really a partner of many in the AI ecosystem, but those shares are going down by 11%. Uh the company issued revenue guidance which was below what Wall Street had been looking for. Core blaming the memory chip shortage for its soft forecast. Analysts are also worried about the company’s increased CAPEX spend as demand for AI data centers persists. They add this may push future profit forecasts lower.
00:58 Speaker A
So something to continue to watch.
01:00 Speaker A
And then let’s talk about Duolingo, the learning language app, a language learning app, seeing a slowdown in revenue growth this year. The CEO says the company will sacrifice on some of its app monetization as it pivots to focus on subscriber growth.
01:14 Speaker A
Duolingo aiming to have 100 million daily active users by 2028. And as a result of this sort of pivot and this renewed focus on attracting users and spending to do so, multiple firms downgraded Duolingo stock. Investors are also talking about the greater threat potentially of AI for the company.