Stock Market Update

[BRIEFING.COM] The major averages remain little changed from previous values. 

Investors had several high-profile tech earnings reports to assess before the opening bell. 

Dell (DELL 145.26, +23.81, +19.60%) is trading sharply higher after reporting Q4 (Jan) results that handily exceeded expectations. The company delivered its largest EPS beat in two years while revenue surged 39.5% year-over-year to a record $33.4 billion. Even more impressive was the substantial upside guidance for Q1 (Apr) and FY27, underscoring strong AI-driven momentum across the business. The company's commentary around roughly doubling AI revenue to $50 billion in FY27 is adding to the enthusiasm, especially given the massive $43 billion AI backlog providing strong visibility.

Meanwhile, CoreWeave (CRWV 79.95, -17.68, -18.11%) is trading sharply lower after 4Q25 earnings, as investors key in on a big EPS miss, heavy CapEx, and soft 1Q26 guidance that overshadow triple-digit revenue growth and a massive backlog. 110%+ revenue growth and a $66.8 billion backlog contrast with negative EPS, a 6% adjusted operating margin, and a weaker-than-hoped 1Q26 outlook. Management is clearly prioritizing scale over near-term profits, betting that mid-20s contribution margins on mature contracts and rising mix of higher-margin software and stack licensing will unlock strong profitability once this build cycle normalizes