Tim Stenovec

let's say 3.6% from that all-time high.

The S&P 500, though, down just a little over 1%.

We're also looking at tech earnings with Dell and HP.

Dell raising its annual projections for the AI server market thanks to sustained demand for machines needed in the current data boom.

Meanwhile, HP stock under pressure, down 2.2% right now.

The company announced 4,000 to 6,000 job cuts over the next couple of years by using more AI tools.

For more on HP and Dell, let's bring in Bloomberg's Dena Bass.

Dena joins us here in New York.

I want to start with HP.

4,000 to 6,000 jobs sounds like a lot.

And indeed, if we go to the 6,000, that's like a 10% of the company's workforce, but that's through 2028 fiscal year.

So we're a few years away from that.

And if it's AI that they're going to replace these people with, AI can change a lot between now and then.

Well, speaking of those price increases, that also hitting Dell.

So let's talk a little bit about Dell.

Dell is contending with despite strong demand, how is it going to make its AI server business more profitable?

Yeah, I think these rising costs are going to be a theme throughout the next year as well.

Dina, always good to see you.

Welcome back to New York.

Happy Thanksgiving.