Good evening, this is Markets Desk with your closing bell briefing.
Dell Technologies delivered a stunning quarter, with AI server revenue surging seven hundred fifty seven percent year over year — the strongest earnings beat relative to expectations in at least five years. The market responded decisively, sending shares toward record highs as institutional money chases the infrastructure buildout behind the AI wave.
Staying in the AI lane, Okta also cleared the bar on its first quarter results, but the more compelling story is forward-looking. Management is positioning the company as the identity layer for AI agents — software that acts autonomously on behalf of users — a market that could be enormous if enterprise adoption accelerates the way most analysts expect.
Meanwhile, geopolitical risk is back on the radar. Iran reportedly launched missiles even as the Trump administration weighs a two-month ceasefire arrangement. The White House says it feels no urgency ahead of next year's midterms, but markets are watching the strait closely — any disruption to energy shipping lanes would reprice risk assets quickly and broadly.
That's the tape. Markets Desk, signing off the floor.
