Movement Alert｜Dell Technologies Inc. Falls 13.14% in Regular Trading, PC Shipment Warning and AI Hardware Weakness Weigh on Shares

Market Focus10-30 21:45

On October 30, Dell Technologies Inc. fell 13.14% in Regular Trading, trading near $437.505 per share, with turnover of $6.55 billion.

The move was tied to a fresh industry warning after Intel's finance chief said PC shipments are expected to decline about 12%, with the second half down more than 20%, pressuring expectations across the PC supply chain.

The weakness was broad-based in hardware, with Dell Technologies Inc., HP, HPE and Super Micro Computer all moving lower, while storage names such as Western Digital and Seagate also declined. Recent support from the Honeywell-Nvidia-Dell industrial AI platform announcement appears to be fading as the market digests that catalyst. That platform, built on Dell infrastructure and Nvidia accelerated computing, was estimated to generate more than $60 million in annual gross operating benefit at full capacity for the Dangote refinery, but the near-term boost to sentiment has weakened.

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