Dell Technologies is trading at $457.90, down 13.53%, after Barclays cut its rating from Overweight to Equal Weight and its price target from $603 to $574.
- Barclays questioned whether enterprise AI spending is accelerating enough to support further growth, and said elevated memory prices benefited recent revenue strength.
- The decline also fits a broader technology sell-off amid inflation and AI-infrastructure concerns.
- Dell closed October 14 at $507.93, down 11.27%; the supplied live quote shows losses continuing during October 15 trading.