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Dell (DELL): The technology company stumbled Friday morning, losing 19% after posting an all-around earnings beat in its first quarter.
On the corporate front, Dell (DELL) reported a rise in revenue, but its shares plunged 17% as its AI server sales fell short of high hopes. On the flip side, Gap stock (GPS) surged 28% on the heels of a sizable earnings beat.
Here are some of the stocks leading Yahoo Finance’s trending tickers page during morning trading on Friday.
Trump Media & Technology Group (DJT): The parent company of former President Donald Trump’s social media platform, Truth Social, shed 5% Friday morning after Trump was found guilty on all 34 counts of falsifying business records intended to influence the 2016 presidential campaign.
MongoDB: (MDB) Shares of the software company plummeted 25% after it issued light guidance for the quarter and reduced its forecast for the full fiscal year.
Dell (DELL): The technology company stumbled Friday morning, losing 19% after posting an all-around earnings beat in its first quarter. However, investors latched onto an outlook that came in lower than expected and forecasts that spending on AI infrastructure would drag down margins for the year.
Gap (GPS): Shares of the retailer shot up more than 20% after reporting strong first quarter earnings and sales growth in all four of its brands.
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