Several technology stocks stumbled after earnings, including Dell Technologies. While Q2 earnings and revenue beat estimates, the company issued a soft outlook for the current quarter. Dell is now a major customer and partner of Nvidia, building AI servers and collaborating on large-scale projects like Doudna supercomputer.

Despite soft earnings guidance, Dell raised its full-year outlook, projecting revenue and EPS above Wall Street estimates. Analysts have raised stock targets on Dell, with UBS setting a price target of $155 and Bank of America and Raymond James also increasing their targets. Dell stock closed at $122.15 on Aug. 29.

Read more at Yahoo Finance: Analysts unveil surprising Dell stock target after slump