Dell Surges, Ford Motor Rises, Autodesk Down After Buying MaintainX for About $3.6 Billion in...

Ajouté : 2026-05-30

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[00:00:08]>> The Stock Movers Report, your roundup of companies making moves in the stock market, harnessing the power of Bloomberg data.

[00:00:16]>> Let's take [music] a look at some stocks on the move today. I'm Alexandra Semenova with Scarlet Fu. We're joined by Bloomberg's Christina Keno.

[00:00:22]Christine, what are you watching today?

[00:00:24]>> Well, Alex V, you got to take a look at Dell. That is one of the biggest movers today, a monster, monster move in those shares, ticker DELL. They're currently up more than 29%. Still set for the biggest gain in at least two years. And of course, we heard from the company, annual sales outlook far surpassing analyst estimates. They're now looking at revenue in the fiscal year ending 2027 at $167 billion, which includes 60 billion from the sale of AI servers. So, it's really all about the AI trade benefiting Dell here. And a lot of analysts weighing in. This is largely a positive thing. Although TD Securities does say that it's not just about AI.

[00:01:04]So, AI of course, driving a lot of those gains, but then they're also seeing traditional server demand from upgrades to Gen 16 platforms and price increases alongside commercial PC share gains. So, all of those in addition to the AI-driven moves very much noteworthy.

[00:01:21]>> And the old-school PC business also doing well, 17% gain in revenue. Who knew? Um, let's stay with the AI narrative, but it's also boosting an unexpected company, which is Ford Motor.

[00:01:32]>> Exactly, Scarlet. Speaking of old economy, you wouldn't necessarily associate that with AI, but here you go.

[00:01:38]Uh, so Ford, uh, ticker F, uh, those shares are also doing nicely this morning, up more than 4.2%.

[00:01:45]It's set for an eighth day of gains, which would be longest streak in three years if it keeps that up until the close. And so, we heard from Ford earlier this month. They're saying that they're now investing $2 billion to get into the energy storage business.

[00:01:59]So, that includes converting a factory in Kentucky. You know, it used to make batteries for electric vehicles. It's now going to be producing large energy cells for the storage business. And so, being received positively on the street.

[00:02:11]Today, we got an upgrade of four Ford in terms of price target at Deutsche Bank.

[00:02:16]They're now looking at a $15 price target, previously at $12.

[00:02:21]>> And what else is on your radar, Christine?

[00:02:23]>> Well, we got to take a look at a stock in the red this morning, Alex. So, Autodesk, ticker ADSK, that's down now nearly 5% as of right now. And you know, it's it's a little bit of an M&A sort of day for Autodesk. So, they have agreed to buy MaintainX, which is a firm focused on maintenance tools in an all-cash deal worth $3.6 billion. And the word on the street is that it is an acquisition that's expensive, but it does help the company position more strategically. So, Jefferies, for instance, saying that it's an expensive deal, but it does overshadow an otherwise clean beat and raise quarter for Autodesk. However, the deal is quote raising questions around strategic prioritization, timing, and potential distraction from the core AI product execution. And we're seeing that being reflected in [music] the downward share move today.

[00:03:16]>> The Stock Movers Report from Bloomberg Radio. Check back with us throughout the day for the latest [music] roundup of companies making news on Wall Street.

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