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Tech Stocks Soar on Strong Earnings and Raised Price Targets

Guavy AI Editorial Team
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MSFT
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A flurry of updates from tech and biotech companies sent shares soaring on Wednesday. Dell Technologies Inc (NASDAQ:DELL) saw its stock climb over 10% after posting earnings strength and raising full-year guidance. The company's fiscal second-quarter revenue reached $47 billion, up 58% year-over-year.

Meanwhile, Microsoft Corp (NASDAQ:MSFT) saw its price target raised by Bank of America to $600 following accelerating cloud growth and improving AI efficiency.

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