Dell closed down 17.87%, marking the largest daily decline since its 2018 US IPO, with a transaction volume of $9.197 billion. The company released its first quarter financial report for the fiscal year 2025. Although both revenue and profit exceeded expectations and the full year revenue outlook was raised, due to the increase in AI costs, the EPS forecast for the second quarter was lower than expected and the gross profit margin for the fiscal year 2025 is expected to decline. The market is skeptical of Dell's AI monetization ability.