CNBC — 2026-05-29#
Lead Story#
Dell Technologies delivered a blockbuster quarter that sent its stock skyrocketing 32% for its best day on record, proving that the artificial intelligence hardware boom is far from over. AI server revenue exploded 757% year-over-year to $16.1 billion, reigniting market enthusiasm and lifting the broader tech sector to new all-time highs.
Markets & Economics#
Core inflation hit an annual rate of 3.3% in April, aligning with expectations for the Federal Reserve’s preferred gauge, though PIMCO’s Richard Clarida warned on-air that disinflation is not imminent. In the energy pits, global oil prices tumbled 20% from their 2026 peaks on optimism surrounding a potential 60-day ceasefire deal between the U.S. and Iran, though President Trump is still deliberating his final determination. Despite the geopolitical uncertainty and inflation data, JPMorgan CEO Jamie Dimon noted that current market exuberance is actually healthy and “not bad” for the economy. Additionally, the White House continues to push its technology initiatives, with U.S. CTO Ethan Klein discussing the administration’s broader AI ambitions and strategic roadmap.