

Dell Gains, Petco Surges, Best Buy Falls
Aug 28, 2025
Dell Technologies raised its annual outlook after a strong demand for AI servers, despite a lackluster PC performance. Meanwhile, Petco experienced a remarkable 31% surge by revising its earnings targets upward, reflecting a successful turnaround strategy under its new CEO. In contrast, Best Buy's shares plummeted 6.6% after reporting disappointing quarterly results and reaffirming its 2026 forecast. The contrasting fortunes of these companies highlight the fierce competition and evolving trends in the retail and tech markets.
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Dell Raises Outlook On AI Server Strength
- Dell raised its annual outlook after strong AI-server shipments, showing confidence in demand.
- Management reported $8.2 billion of AI server shipments, underpinning the upgraded guidance.
Dell Split: AI Servers Versus PCs
- Dell's infrastructure revenue jumped sharply while PC sales barely grew, signaling AI server demand is driving results.
- The business is bifurcating into fast-growing AI infrastructure and stagnant PC sales, shaping investor expectations.
Petco Turnaround Showing Tangible Gains
- Petco's turnaround shows momentum with a much stronger EBITDA forecast and beat on sales and income.
- Strategic store closures, inventory changes, and investments in pharmacy and grooming are lifting margins.