PPI Jumps 0.5% in January; Dell Surges 21.9% on $9B AI Server Revenue as Bitcoin Falls to $65,864

U.S. January Producer Price Index rose 0.5% month-over-month versus 0.3% expected, and core PPI climbed 0.8% versus 0.3%, Shenchao TechFlow reports. Major U.S. benchmarks weakened on the last session of February, with the Dow Jones down 521 points or 1.05% to 48,978, the S&P 500 off 0.43% to 6,879, and the Nasdaq lower by 0.92% to 22,668, while markets marked down rate-cut odds to 5% in March, 18% in April and 57% in June. Bitcoin slid 1.97% to $65,864 after briefly losing the $66,000 level, Ethereum dropped 4.39% to $1,930, Solana declined 4.13% to $82.13, and Cardano and Dogecoin slipped 2.82% and 3.14%, respectively, CoinDesk analyst Daniel ReisFaria reports. Dell jumped 21.9% to $148 as fiscal Q4 2026 results showed revenue of $33.4B, up 39% year-over-year, and non-GAAP EPS of $3.89, up 45%, including $9B in AI server revenue, up 342%, and management cited $34.1B of Q4 AI server orders, more than $64B in fiscal 2026 cumulative AI orders, and a $43B period-end backlog.