Mike Lynch, once lauded as Britain's answer to Bill Gates, has been acquitted of charges related to the controversial $11 billion deal between his company Autonomy and Hewlett Packard Enterprise Co (NYSE: HPE) in 2011.
On Thursday, Dell Technologies Inc (NYSE: DELL) surpassed estimates with its first quarter results, but also showed its earnings lag sales. Shares tanked on Friday as Wall Street was displeased by AI servers being sold at near-zero margins.
HP Inc. (NYSE: HPQ) experienced a historic stock surge Thursday afternoon, with shares climbing as much as 19% — the largest one-day gain since 1999 — following the release of its second-quarter financial results.
Wall Street experienced another decline on Thursday, with major large-cap indices affected by a downturn in the tech and communication services sectors.
Investors shifted their focus to market areas that have underperformed compared to tech over the past year, such as small caps, real estate and solar stocks.