Broadcom Lifts AI Outlook; Dell Surges on Server Demand

Broadcom ($AVGO) raised its fiscal 2027 AI revenue outlook to approximately $115 billion and provided its first fiscal 2028 projection of roughly $230 billion, marking a significant extension of the company's AI silicon roadmap. The guidance came after market close and represents the first time $AVGO has disclosed expectations two fiscal years forward. Despite the raised outlook, some investor commentary characterized the initial market reaction as disappointing, though the company's long-term AI infrastructure positioning remains central to semiconductor sector growth expectations.

Meanwhile, $NVDA received attention related to its $3.5 billion MediaTek investment, with commentary noting the decade-long roadmap embedded in the partnership points to competitive pressures in the AI chip ecosystem.

Dell Technologies ($DELL) surged 16% following its earnings report, driven by stronger-than-expected AI server demand that demonstrated continued enterprise infrastructure spending on data center expansion. Snowflake ($SNOW) set up a 20% pre-market gap after raising guidance, with analyst commentary from Morningstar describing both $SNOW and Hewlett Packard Enterprise ($HPE) earnings reports as "extraordinary." However, investor reactions diverged significantly on valuation, with $HPE stock dipping in premarket trading despite the positive fundamental assessment.

$HPE announced an expanded collaboration with Oracle to deploy HPE Juniper Networking across Oracle's AI data centers, building on more than a decade of engineering work and including networking support services and financing capabilities. The company also expanded its partnership with Tottenham Hotspur Football Club to modernize stadium infrastructure with AI-native networking and hybrid cloud solutions under HPE's as-a-service model.

Enterprise AI platform company Wonderful secured $550 million in new funding, following its $150 million Series B round in March 2026. The company has grown to 650 employees across more than 35 markets, with Salesforce ($CRM) listed as an associated ticker in the funding announcement, suggesting potential partnership or integration dynamics in the enterprise AI platform ecosystem.

Palantir Technologies ($PLTR) announced that former AIG chief executive Peter Zaffino will join as Global Head of Financial Services from January 2027, marking a significant enterprise software leadership hire. However, $PLTR shares pulled back 3.47% to $179.92 amid criticism from investor Michael Burry, who called the company an "AI FOMO" consultant and warned the market cap could fall below $100 billion. Burry also criticized $17.2 million spent on executive aircraft in 2025. Despite the near-term decline, $PLTR has posted strong momentum with 30-day gains of 46.21%, 90-day gains of 26.53%, and one-year returns of 14.53%.

Uber Technologies ($UBER) announced a 10% workforce reduction affecting approximately 3,400 roles, based on the company's disclosed global headcount of about 34,000 employees as of December 31, 2025. The reduction represents Uber's largest workforce cut since 2020 and comes as the company reported rising revenue and profit, suggesting the move is aimed at simplifying management structure rather than responding to financial distress. Separately, the Delivery Hero board backed $UBER's $15 billion takeover bid, which if approved would create one of the largest food delivery platforms in the world.

Investors are focusing on Friday's U.S. labor market report for signals on Federal Reserve policy direction, as the 10-year U.S. government bond yield trades near 4.8%, keeping borrowing costs elevated for technology companies and consumers. Factory activity indicators showed the S&P Global US Manufacturing PMI at 53.9, providing context for enterprise hardware and infrastructure demand trends. The divergent market reactions to similar earnings quality—with $DELL surging and $HPE dipping despite both receiving positive analyst assessments—underscore how valuation considerations are increasingly dominating technology sector price action amid persistent high interest rates.