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[10] On September 7, 2016, Dell Inc. completed the merger with EMC Corp., which involved the issuance of $45.9 billion in debt and $4.4 billion common stock. [2] [11] The Dell Services, Dell Software Group, and the Dell EMC Enterprise Content Divisions were sold shortly thereafter for proceeds of $7.0 billion, which was used to repay debt. [2]
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Dell is ranked 31st on the Fortune 500 list in 2022, [7] up from 76th in 2021. [8] It is also the sixth-largest company in Texas by total revenue, according to Fortune magazine. It is the second-largest non-oil company in Texas. [9] [10] As of 2024, it is the world's third-largest personal computer vendor by unit sales, after Lenovo and HP. [11]
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Microsoft shares fell 2.4% on Wednesday as growth in the tech giant's cloud business slowed, while Nvidia and other chipmakers rallied following a bright quarterly report from Advanced Micro Devices.
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