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Cboe Data Shows Dell Technologies Shares Up $22.70
Cboe data suggests bullish flow in Dell Technologies (DELL), with shares up $22.70, or 4.61%, near $514.89. Options volume extremely heavy with 318k contracts traded and calls leading puts for a put/call ratio of 0.79, compared to a typical level near 1.06. Implied volatility (IV30) is higher by 0.5 points near 61.17,and above the 52wk median, suggesting an expected daily move of $19.84. Put-call skew flattened, suggesting a modestly bullish tone.
Major Indices Bounce Back as ADP Employment Data Falls Short
After three consecutive negative sessions, major indices bounced on Wednesday, helped by modest relief in the Treasury market after softer than expected ADP employment data. 38K monthly print from ADP was a 7-month low, denting the narrative of a healthy labor market that bolstered expectations of an imminent Fed tightening ahead of Friday's more-heavily considered non-farm payrolls data. Basic Materials led the benchmark S&P 500 index as precious metal miners rallied. In tech, software stocks lagged after disappointing results from Palo Alto Networks, though semiconductors and hardware names were generally higher. Dellwas the best performing stock in the S&P 500 after its strong results overnight.In the opening hour of the evening session index futures are flat. In commodities, WTI crude oil is still above $90 per barrel, with limited progress seen in resolution of the recent escalation between the U.S. and Iran. Gold and silver were slightly higher as relief in the Treasury Market hit the greenback - USD/JPY pair backed away from the key 160 level where traders turn more leery of an intervention by Japanese monetary authorities that involves the sale of US government debt.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -Tilly'sup 35.5%Snowflakeup 22.5%Netskopeup 13.5%Arganup 8.7%Five Belowup 5.0%DOWN AFTER EARNINGS -Methode Electronicsdown 19.9%NetAppdown 8.2%Phreesiadown 6.7%Hewlett Packard Enterprisedown 4.2%Broadcomdown 0.3%
Major Averages Rebound, S&P 500 Up 0.46%
The major averages closed broadly higher, rebounding from yesterday's declines as investors continue to react to escalating tensions between the U.S. and Iran, rising oil prices, and a jump in Treasury yields. Renewed U.S.-Iran fighting has raised concerns about disruptions to energy supplies and pushed inflation expectations higher, creating a difficult backdrop for both stocks and bonds.Meanwhile, ADP showed 38,000 private-sector jobs were added in August, a slower-than-expected pace. While job creation held positive, August was the smallest gain since January.Additionally, the Federal Reserve said in its latest Beige Book report that economic activity has increased "modestly" since July, adding that employment rose "very slightly overall."Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Dell Technologiesreportedand sharply raised its FY27 earnings per share and revenue outlookNvidiais in advanced talks to acquire Hugging Face for up to $14B,Chevronannouncedthat establish updated terms for its joint venturesDelivery Hero'sboard recommendsfrom UberThe Fed said in its latest Beige Book that2. WALL STREET CALLS:Deutsche Bank"mispriced" Sirius XMto BuyToastto Neutral at BNP ParibasAlumisto Buy at H.C. WainwrightJPMorganNioon sluggish vehicle demandAmrizeto Neutral at JPMorgan and to Underperform at BofA3. AROUND THE WEB:Uber Technologiesis cutting about 3,300 roles, or 10% of its staff globally, in a restructuring aimed at reducing management layers and reallocating spending into its ride-sharing, delivery and robotaxi businesses, Bloomberg reportsEU antitrust regulators are eyeing the licensing practices of Oraclein a case similar to the one involving SAP, which was settled with concessions in July, Reuters saysTSMChas increased its own estimate of quarterly equipment purchases to 1.9 times what was projected in December as the company expands production to meet AI demand, Bloomberg reportsTPG-backedAsia OneHealthcare has confidentially filed for an initial public offering in Kuala Lumpur, Malaysia, seeking to raise up to 10B ringgit, or $2.5B, Bloomberg saysAdobehas acquired India-based marketing intelligence company Rilo in an agreement involving licensing and team acquisition, TechCrunch reports4. MOVERS:GitLabgained after, raising its guidance for FY27, and saying AI is proving to be a durable secular tailwindEos Energyincreased after announcing aand GooglePG&Ewas lower after saying it plans to update its 2027 capital plan byCredo Technologyslipped in New York afterand providing guidance for Q1 and FY27Palo Alto Networksand MongoDBfell after5. EARNINGS/GUIDANCE:Ollie's Bargain Outletand raised its outlook for FY26G-III Apparel, with CEO Morris Goldfarb commenting, "Our second quarter results reflect strong execution across the organization"Sprinklrand lowered its guidance for FY27Daktronics, with EPS and revenue beating consensusBrown-Forman, with CEO Lawson Whiting stating that first quarter results "reinforce our confidence in the year ahead"INDEXES:The Dow rose 295.07, or 0.56%, to 53,061.95, the Nasdaq gained 118.06, or 0.45%, to 26,217.83, and the S&P 500 advanced 35.13, or 0.46%, to 7,666.60.
Dell Technologies Raises Annual Sales Forecast by $25 Billion
Catch up on the top artificial intelligence news and commentary by Wall Street analysts on publicly traded companies in the space with this daily recap compiled by The Fly.BLOWOUT QUARTER:Dell Technologiesrose after the company boosted its annual sales forecast by $25B due to surging demand for servers to run AI tasks. The maker of laptops and servers lifted its outlook and delivered record revenue and adjusted earnings for its Q2, powered by surging demand for AI servers. The company reported $60.9B in AI server orders – its highest ever – and closed the quarter with a record $95B backlog.GEMINI 3.8 FLASH:Googleis introducing Gemini 3.8, saying it is its "best reasoning & coding model yet, at the same speed and low cost of 3.7. Gemini 3.8 introduces 2 variants: Gemini 3.8 Flash - our most intelligent workhorse model, delivering significant improvements from 3.7 Flash across software engineering, agentic tasks, and critical, multi-step reasoning in specialized domains. It is available at the same introductory price 1 as 3.7 Flash at $0.75 per million input tokens and $3.75 per million output tokens; Gemini 3.8 Flash Cyber - our most capable cybersecurity model with frontier-level performance in vulnerability detection and automated patching, available to trusted defenders through our new Fairwind Program."FAIRWIND PROGRAM:Google is launching its Fairwind Program, "a limited access program for governments and trusted partners to use our most advanced cyber defense capabilities." The company said, "As a first step, the Fairwind Program will give defenders access to powerful and advanced Gemini models to help them autonomously find and fix vulnerabilities, protecting critical infrastructure, public services, and national security. The Fairwind Program offerings bring together our most advanced cyber model, Gemini 3.8 Flash Cyber, with our CodeMender harness, to help defenders find, verify, and fix vulnerabilities at agentic scale. Spotting weaknesses creates awareness and fear; autonomously finding and fixing vulnerabilities delivers security. CodeMender with Gemini 3.8 Flash Cyber delivers the specialized reasoning to write and validate code fixes, at a fraction of the operating cost of traditional frontier models. Instead of taking weeks to manually fix vulnerabilities, defenders can now generate verified, deployment-ready patches in minutes - within an organization's secure cloud environment."CLAUDE FABLE 5.1:Anthropic is introducing Claude Fable 5.1 and Claude Mythos 5.1, calling them "the world's most advanced models for coding and knowledge work-and their research capabilities offer an early glimpse of how AI models will contribute to scientific progress." According to the company, "Claude Fable 5.1 and Claude Mythos 5.1 are the same model, but with different levels of safeguards. Fable 5.1 is generally available, while Mythos 5.1 is available only through our trusted access programs; its safeguards are specifically designed to support work in cybersecurity and the life sciences. Fable 5.1 will cost an estimated 25% less than Fable 5 for typical workloads, wherever usage is billed by token..."We've improved our safeguards to reduce false positives... In cybersecurity, our newest safeguards block 60% fewer false positives than before. In part, this is because Fable 5.1 can now be used to discover software vulnerabilities-though not develop exploits for them. In biology, we've established an access program, developed in partnership with the US government, to enable access to Claude Mythos 5.1's advanced biology capabilities. We expect to open enrollment for scientists soon... Claude Fable 5.1 is available today on all platforms, including Amazon Web Services, Google Cloud, and Microsoft Azure. Developers can get started with claude-fable-5-1 on the Claude API."HUGGING FACE:Nvidiais in advanced discussions to acquire AI startup Hugging Face in a deal valued at as much as $14B, Bloomberg's Ryan Gould, Ian King, and Rachel Metz report, citing people familiar with the matter.BULLISH ON TEMPUS AI:Cantor Fitzgerald initiated coverage of Tempus AIwith an Overweight rating and $80 price target, implying 28% upside in the firm's Base Case and 59% in the Bull Case. The firm notes Tempus AI is an AI-powered precision medicine data company with most of its upside coming from a single correction: The Street values Data & Applications like a life sciences data vendor, although its growth and margins more closely resemble a platform business. Combined with diversified exposure to biopharma R&D and provider adoption, as well as five under-appreciated growth levers, Cantor believes the risk/reward skews heavily to the upside.
Major Averages Rebound, ADP Reports 38,000 Jobs Added
The major averages were broadly higher, rebounding a little from yesterday's declines as investors continue to react to escalating tensions between the U.S. and Iran, rising oil prices, and a jump in Treasury yields. Renewed U.S.-Iran fighting has raised concerns about disruptions to energy supplies and pushed inflation expectations higher, creating a difficult backdrop for both stocks and bonds.Meanwhile, ADP showed 38,000 private-sector jobs were added in August, a slower-than-expected pace. While job creation held positive, August was the smallest gain since January.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Dell Technologiesreportedand sharply raised its FY27 earnings per share and revenue outlookNvidiais in advanced talks to acquire Hugging Face for up to $14B,Chevronannouncedthat establish updated terms for its joint venturesAs part of a strategic review, PG&Eplans to update its 2027 capital plan byVertivUtility Innovation for $1.45B in cash2. WALL STREET CALLS:Deutsche Bank"mispriced" Sirius XMto BuyToastto Neutral at BNP ParibasAlumisto Buy at H.C. WainwrightJPMorganNioon sluggish vehicle demandAmrizeto Neutral at JPMorgan and to Underperform at BofA3. AROUND THE WEB:Uber Technologiesis cutting about 3,300 roles, or 10% of its staff globally, in a restructuring aimed at reducing management layers and reallocating spending into its ride-sharing, delivery and robotaxi businesses, Bloomberg reportsEU antitrust regulators are eyeing the licensing practices of Oraclein a case similar to the one involving SAP, which was settled with concessions in July, Reuters saysTSMChas increased its own estimate of quarterly equipment purchases to 1.9 times what was projected in December as the company expands production to meet AI demand, Bloomberg reportsTPG-backedAsia OneHealthcare has confidentially filed for an initial public offering in Kuala Lumpur, Malaysia, seeking to raise up to 10B ringgit, or $2.5B, Bloomberg saysAdobehas acquired India-based marketing intelligence company Rilo in an agreement involving licensing and team acquisition, TechCrunch reports4. MOVERS:GitLabgains after, raising its guidance for FY27, and saying AI is proving to be a durable secular tailwindEos Energyincreases afterwith MN8 Energy and GoogleAST SpaceMobilehigher after Berenbergof the stock with a Buy ratingCredo Technologylower in New York afterand providing guidance for Q1 and FY27Palo Alto Networksand MongoDBfall after5. EARNINGS/GUIDANCE:Ollie's Bargain Outletand raised its outlook for FY26G-III Apparel, with CEO Morris Goldfarb commenting, "Our second quarter results reflect strong execution across the organization"Sprinklrand lowered its guidance for FY27Daktronicswith EPS and revenue beating consensusBrown-Forman, with CEO Lawson Whiting stating that first quarter results "reinforce our confidence in the year ahead"INDEXES:Near midday, the Dow was up 244.25, or 0.46%, to 53,011.13, the Nasdaq was up 104.55, or 0.40%, to 26,204.32, and the S&P 500 was up 37.39, or 0.49%, to 7,668.86.
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