Finance

Shares of Dell Technologies skyrocketed nearly 33% after the company reported first-quarter results that significantly exceeded analyst expectations. The company also raised its full-year guidance, citing massive demand for artificial intelligence server infrastructure, which spurred broader gains across the semiconductor and software sectors.

Investor confidence was bolstered by reports of a potential 60-day ceasefire extension between the U.S. and Iran, which helped ease fears of energy supply disruptions. Following these developments, Brent crude prices slipped toward $91 per barrel, providing a reprieve from the inflationary pressures and regional tensions that have recently volatility in the markets.

Despite the rally in equities, the digital asset market showed signs of weakness as Bitcoin struggled to maintain its position near $73,000. Sentiment remained cautious due to significant capital outflows from crypto ETFs and ongoing regulatory scrutiny, including new SEC lawsuits against alleged fraudulent schemes and discussions regarding stablecoin oversight.