Dell Stock Plunges 11%: Is the AI Server Boom Losing Its Momentum?
Photo: Coinpedia
Dell shares plunged 11.4% after Barclays downgraded the stock, citing concerns about enterprise AI spending. Barclays cut its price target to $574 from $603 amid questions about hardware revenue growth. Dell's record $95 billion AI backlog supports demand, but investors remain focused on profitability. Dell Technologies (NYSE:DELL) shares plunged 11.4% on Wednesday after Barclays downgraded the stock, raising concerns about enterprise AI spending and the sustainability of hardware revenue growth. The sell-off extended across AI infrastructure stocks as hotter-than-expected U.S. inflation data heightened concerns about borrowing costs.
Source: Coinpedia
