Dell Technologies is trading at €416.15, down 9.91%, after Barclays downgraded it to Equal Weight from Overweight, citing valuation concerns and a lack of meaningful enterprise AI spending acceleration.
- Analysts said higher memory prices, rather than stronger AI demand, supported enterprise revenue; normalizing memory prices could weigh on infrastructure revenue.
- Wider technology weakness reflected concerns that higher rates could constrain AI infrastructure investment. The supplied price context reports the latest move; no volume data was provided.