Dell Rises 4% and HP 6% Premarket. Cisco Sinks 7%. What’s Causing the Biggest Premarket Moves?

Quick Read

• Lenovo’s 43% revenue surge and doubling server sales confirm AI infrastructure demand is crushing memory cost headwinds, lifting Dell and HP premarket.

• Arista’s strong prior quarter raised the bar for Cisco, whose flat services revenue is deepening a selloff despite beating on revenue and EPS.

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Hardware stocks are splitting Thursday morning. Dell Technologies (NYSE:DELL) is indicated up 4% premarket and HP (NYSE:HPQ) is up 6%, while Cisco Systems (NASDAQ:CSCO) is down 7%. Two separate catalysts are driving the divergence: a blowout quarter out of Lenovo overnight and Cisco’s own fiscal fourth quarter results after Wednesday’s close. Premarket levels can shift by the bell.

Lenovo Blowout Lifts…