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Dell Surges, Ford Motor Rises, Autodesk Down After Buying MaintainX for About $3.6 Billion in Cash
Description
n this episode of Stock Movers:
-Dell (DELL) shares surged after the company gave an outlook for annual sales that far surpassed analysts’ estimates, fueled by demand for servers that power artificial intelligence work.
-Ford Motor (F) shares surged after the company's pivot toward energy storage, with shares climbing about 21% in two days. Investors are eager to embrace companies that stand to benefit from power-hungry data centers and other infrastructure to support AI, driving up stocks of companies like Caterpillar Inc. and Vertiv Holdings Co.
-Autodesk (ADSK) shares are down. Autodesk Inc. has agreed to buy MaintainX, a firm focused on maintenance tools, in an all-cash deal. MaintainX is used to manage inspections, work orders and the condition of assets across a wide variety of industries.
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