Good evening and welcome to Markets Desk.
Dell Technologies delivered a standout earnings report, with AI server demand pushing its backlog to ninety-five billion dollars. The company raised its forward outlook, signaling that enterprise spending on artificial intelligence infrastructure remains robust and shows no sign of cooling. That backlog figure is the headline investors needed.
Shifting from hardware to Hollywood, President Trump is now backing a federal tax incentive for domestic film and television production, walking back his earlier tariff approach. The industry had pushed hard against those tariffs, and this pivot toward a subsidy model could unlock meaningful production spending on American soil, benefiting studios, crews, and regional economies alike.
On the legal front, BMW has taken Broadcom subsidiary Avago to a Texas federal court, seeking a declaration that its vehicles do not infringe three Avago-held patents. Patent litigation in the automotive space has intensified as vehicles become increasingly software-defined, and BMW's decision to pursue a declaratory judgment rather than settle suggests the company sees strong ground to stand on.
That's the tape. Markets Desk, signing off the floor.
