Investors Eye July Inflation Data and Stock Market Movers: What You Need to Know Today

Investors are closely monitoring today’s financial landscape as critical July inflation data is set to be released. Shares of Dell Technologies (DELL) and MongoDB (MDB) are seeing a boost in pre-market trading, driven by impressive quarterly earnings. At the same time, Intel (INTC) gains traction following reports of potential strategic shifts. Here’s a breakdown of the essential market insights to watch today:

1. July Inflation Report Anticipated to Show Cooling Trends

At 8:30 a.m. ET, the much-anticipated Personal Consumption Expenditures (PCE) report will be released, offering critical insights into July’s inflation trends. Analysts expect the report to indicate a 2.5% year-over-year increase in prices. As the Federal Reserve’s preferred inflation gauge, the PCE report is crucial in shaping monetary policy. A cooling in price increases could solidify expectations of future interest rate cuts, signaling a shift in the Fed’s approach.

2. Dell Surges on Strong AI-Driven Revenue Growth

Dell Technologies (DELL) is experiencing a 5% surge in pre-market trading, fueled by a robust quarterly performance. The company’s revenue climbed 9% year-over-year to $25 billion, driven by an 80% increase in server and networking sales, attributed mainly to the growing demand for artificial intelligence (AI) solutions. Chief Operating Officer Jeff Clarke noted that “AI momentum accelerated in Q2,” reflecting a steady increase in enterprise customers adopting AI technologies. This acceleration in AI adoption could potentially drive Dell’s future growth in the AI market.

3. MongoDB Soars on Optimistic Revenue Forecast

Shares of MongoDB (MDB) are skyrocketing more than 15% in pre-market action following a stellar earnings report that exceeded Wall Street expectations. The database software provider reported a 13% year-over-year rise in quarterly revenue, reaching $478.1 million, while also narrowing its losses compared to last year. MongoDB’s multi-cloud developer data platform saw a 27% boost in sales, spurred by heightened demand for AI-driven data solutions. The company has also raised its full-year revenue forecast, further fueling investor optimism.

4. Intel Gains Amid Strategic Discussions

Intel (INTC) shares are up 3% in pre-market trading amid reports that the chipmaker is exploring significant strategic options to navigate its current challenges. According to Bloomberg, Intel is considering splitting its product-design and manufacturing divisions and reassessing some factory projects. These discussions come after disappointing earnings earlier this month, contributing to a nearly 60% decline in Intel’s stock value this year. However, investors are hopeful that these strategic shifts could help stabilize the company’s future, instilling a sense of optimism.

5. GE Vernova Advances on Positive Analyst Coverage

GE Vernova (GEV) shares are gaining momentum in pre-market trading, continuing Thursday’s positive trend. The uptick follows a bullish rating from William Blair analyst Jed Dorsheimer, who initiated stock coverage with an “outperform” rating. Dorsheimer highlighted GE Vernova’s potential to meet the growing energy demands of AI technology, particularly through its natural gas solutions. This endorsement not only positions GE Vernova as a key player in the evolving power-generation landscape but also instills optimism about the company’s future, with AI-related energy needs driving future growth.