Dell Sheds 23% in Worst Week Since 2018 Relisting as AI Trade Unwinds
DELL has more than doubled off its 52-week low of $110.22.
Summary
Dell closed Friday down 4.6% at $451.71, capping a 23% weekly decline — its worst week since returning to public markets in 2018. The drop is part of a broad AI-infrastructure unwind: CoreWeave, a key Dell server customer, fell 25% this week, while Nvidia lost 6.6%, Micron 15%, Intel 14%, AMD 13%, Marvell 17%, Sandisk 18% and Applied Materials 19%. The selloff comes just weeks after Dell raised FY27 revenue guidance by $25B to $192B on September 1 and reported record Q2 revenue of $47B, up 58%, with EPS of $6.34. Dell's AI server backlog is heavily tied to CoreWeave, so the customer's 25% weekly plunge raises real questions about order durability. Insider distribution has been steady — Silver Lake sold shares at $513-$540 in early September and another $30.7M on September 17, and the Michael & Susan Dell Foundation filed to sell 2.46M shares worth ~$1.25B on September 3. Dell is now roughly 16% below its September 9 record of $538.47.
At the time of this announcement, DELL was trading at $450.85 on NYSE in the Technology sector, with a market capitalization of approximately $287.2B. The 52-week trading range was $110.22 to $595.51. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.