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Seagate Technology Holdings PLC stock underperforms Friday when compared to competitors despite daily gains“We’re aware of the civil allegations and Jay-Z’s really strong response to that,” NFL (National Football League) commissioner Roger Goodell said on Wednesday after the conclusion of the league’s winter meetings. “We know the litigation is happening now. From our standpoint, our relationship is not changing with them, including our preparations for the next Super Bowl.” A woman who previously sued musician Sean “Diddy” Combs, alleging she was raped at an awards show after-party in 2000 when she was 13 years old, amended the lawsuit on Sunday to include a new allegation that Jay-Z was also at the party and participated in the sexual assault. Jay-Z, real name Shawn Carter, said the rape allegation made against him is part of an extortion attempt. The 24-time Grammy Award winner called the allegations “idiotic” and “heinous in nature” in a statement released by Roc Nation. The NFL teamed up with Jay-Z’s Roc Nation in 2019 for events and social activism. The league and the entertainment company extended their partnership a few months ago. Kendrick Lamar will perform the Super Bowl halftime show at The Caesars Superdome in New Orleans on February 9. Roc Nation and Emmy-winning producer Jesse Collins will serve as co-executive producers of the halftime show. Beyonce, who is married to Jay-Z, will perform at halftime of the Baltimore Ravens-Houston Texans game at Christmas. “I think they’re getting incredibly comfortable not just with the Super Bowl but other events they’ve advised us on and helped us with,” Mr Goodell said. “They’ve been a big help in the social justice area to us on many occasions. They’ve been great partners.”NoneEnterprise softball player Ane Blevins signs with Wallace Lady Govs
Commerce Department to reduce Intel's funding on semiconductorsDENVER -- Travis Hunter made a pair of proclamations Thursday: He’s for sure entering the NFL draft after this season, but not until he sees Colorado all the way through the College Football Playoff — if the Buffaloes make it there. The first was already a given for the draft-eligible junior who plays both receiver and cornerback. The second is a risk-reward play for a projected high first-round pick who averages around 120 snaps a game. In years past, it took two extra postseason wins to capture a national title. Now, it could take up to four additional contests. That’s more of a chance to shine, but also more chance for an injury. “I don’t think nobody will opt out because you’re showing NFL teams that you’re more focused on something else, other than the team goal,” Hunter said of the expanded 12-team College Football Playoff. “So I don’t think players are going to opt out of the playoffs.” Hunter and quarterback Shedeur Sanders chatted Thursday in a set of Zoom calls about turning around the program at Colorado (from 4-8 last season to bowl eligibility), chasing a Big 12 title, turning pro — Hunter acknowledged he will “for sure” — and, of course, the Heisman race, where Hunter is currently the odds-on favorite in an award each wants to see the other win. “He’s deserving of it, and if it’s between me and him, I want him to get it,” said Sanders, whose 16th-ranked Buffaloes (8-2, 6-1 Big 12, No. 16 CFP ) travel to Arrowhead Stadium to face Kansas (4-6, 3-4) this weekend. “He does a lot of amazing things that have never been done before.” Countered Hunter: “I know he wants me to win it, but I also want him to win as bad as I want to win it.” Hunter is a generational talent shining on both sides of the ball. As a receiver, he has 74 catches for 911 yards and nine touchdowns. On defense, he has picked off three passes, even though teams are reluctant to throw his direction. Like he did in high school and now in college, he believes he can do both on the next level. But he understands the trepidation of the NFL team that picks him. “They don’t want their top pick to go down too early," Hunter said. “I like when people tell me I can’t do it, because they just motivate me to continue to do what I want to do.” Sanders is turning in a stellar season as well with 27 touchdown passes, one away from tying Sefo Liufau for the most in a single season in program history. He's projected to be one of the first QBs off the draft board. The future certainly looks bright at Colorado thanks to the legacies Sanders and Hunter under coach Deion Sanders. But that's a point to ponder later. “I can’t think too much forward past Saturday,” Shedeur Sanders cracked. “The main thing is winning the Big 12 championship. That’s the main thing we’re focused on." ___ Get poll alerts and updates on the AP Top 25 throughout the season. Sign up here . AP college football: https://apnews.com/hub/ap-top-25-college-football-poll and https://apnews.com/hub/college-football
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Dell Technologies ' ( DELL -1.33% ) remarkable stock market rally came to a halt after the company released fiscal 2025 third-quarter results (for the three months ended Nov. 1) on Nov. 26, with shares of the technology giant that's known for its personal computer (PC) and server solutions dropping more than 12% in a single day. It wasn't surprising to see investors pressing the panic button following Dell's results. The stock has delivered outstanding gains so far this year thanks to its improving financial performance. Moreover, Dell's growing artificial intelligence (AI) credentials have led to heightened expectations from the company. So, when Dell failed to deliver the numbers that Wall Street was looking for, the stock dropped big time. However, this looks like an opportunity for savvy investors to buy a solid AI stock on the cheap. Let's look at the reasons why. The PC market is weighing Dell down, but investors shouldn't miss the bigger picture Dell reported fiscal third-quarter revenue of $24.4 billion, an increase of 10% from the year-ago quarter. The company's non-GAAP (adjusted) earnings increased 14% year over year to $2.15 per share. Dell's top line missed the midpoint of its quarterly revenue guidance of $24 billion to $25 billion in revenue by a whisker. Analysts had set the bar even higher and were expecting Dell to deliver $24.7 billion in revenue. However, the company did beat the $2.06 earnings estimate comprehensively. Dell followed up its mixed quarterly numbers with weaker-than-expected guidance. The company is expecting fiscal Q4 revenue to land at $24.5 billion at the midpoint, which would be an increase of 10% from the year-ago quarter. Analysts, however, were looking for $25.6 billion in revenue from Dell. The slower-than-expected recovery in the PC market was a key factor behind Dell's lower-than-expected guidance. PC shipments in the third quarter of 2024 were down 2.4% from the prior-year period, according to market research firm IDC. Dell's shipments were down 4% year over year. This explains why the company's revenue from the client solutions group (CSG), through which it sells desktops, notebooks, workstations, and other PC-related hardware, fell 1% year over year to $12.1 billion. Though Dell's commercial PC revenue increased 3% from the year-ago period to $10.1 billion, slower-than-expected growth in consumer PCs weighed on this segment. Dell points out that the PC refresh cycle has moved into 2025, and that's the reason why its CSG business may take some time to step on the gas. However, Dell is confident of a turnaround in the consumer PC space, pointing out that tailwinds such as "an aging install base, AI-driven hardware enhancements like battery life, and Windows 10 end of life" are likely to inject some momentum into this market. The growing adoption of AI PCs, in particular, is expected to play a key role in this market's turnaround. Gartner estimates that AI PC shipments could increase an impressive 165% in 2025 to 114 million units, accounting for 43% of the overall market. So, there is a good chance that Dell will start witnessing growth in the CSG business next year. At the same time, investors shouldn't forget that the demand for Dell's servers is increasing at an incredible pace thanks to AI. The strong demand for Dell's AI servers led to a 34% year-over-year increase in the company's revenue from the infrastructure solutions group (ISG) business to $11.4 billion. Sales of the company's servers and networking solutions shot up 58% to $7.4 billion. The company sold $2.9 billion worth of AI servers last quarter. More importantly, the demand for those servers was even stronger as it received a record $3.6 billion worth of orders for AI servers last quarter. Dell management also pointed out that its revenue pipeline of AI servers for the next five quarters increased by more than 50% on a sequential basis. Looking ahead, AI servers should continue to move the needle in a significant way for Dell. That's because the market for AI servers is expected to clock an annual growth rate of 30% through 2033, generating an annual revenue of $430 billion at the end of the forecast period. The valuation makes buying Dell stock a no-brainer Dell's latest quarterly results may have evoked mixed emotions among investors, but the discussion above tells us that the company has terrific long-term prospects thanks to the growing adoption of AI in the server and PC markets. That's the reason why buying Dell stock right now looks like a smart thing to do. After all, Dell is trading at 22 times trailing earnings and 14 times forward earnings . Those multiples are lower than the tech-heavy Nasdaq-100 index's 32 times trailing earnings and 29 times forward earnings. As the chart below tells us, Dell is expected to clock healthy double-digit earnings growth going forward. DELL EPS Estimates for Current Fiscal Year data by YCharts It won't be surprising to see the stock sustaining this momentum for a longer period, considering the lucrative AI-related addressable markets that it is serving, which is why investors looking to buy an AI stock right now that's trading at an attractive valuation should take a closer look at Dell before it regains its mojo.