Dell shares plunge 11% as AI spending worries hit data-center stocks

AI-generated briefing · First published

Dell fell 11% after Barclays cut its rating, citing lack of enterprise AI spending inflection. Chip stocks extended losses amid inflation and debt concerns.

Dell shares tumbled 11% on Wednesday, dragging down data-center peers after Barclays downgraded Dell, HPE and NetApp, saying it had not seen a meaningful AI spending inflection and that recent revenue gains were driven by memory shortages. [1] [2]

HPE, Oracle and Super Micro also fell; Oracle dropped 9%. CoreWeave plunged 15%, erasing its 2026 gains. The Philadelphia Semiconductor Index fell 4.3% and has lost 12% over six sessions, wiping out $1.6 trillion in market value. [1] [4]

Broader markets declined as hotter-than-expected September CPI data reinforced expectations of further Fed rate hikes. The S&P 500 fell 1.11% and the Nasdaq Composite dropped 1.88%. [2] [3]

Sources

  1. 戴尔股价暴跌11% 引领数据中心板块抛售 担忧“企业AI时机”

    Sina Finance · · Full text

  2. 10月15日收盘：美国股市周三收低 芯片股延续近期跌势

    Sina Finance · · Excerpt

  3. US chip stocks slide as inflation and AI debt fears unsettle investors

    FT Markets · · Summary only

  4. 美国芯片股跌势加剧 合计市值蒸发逾1万亿美元

    Sina Finance · · Full text

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