Dell Technologies is trading at $466.90, down 3.91%, as technology stocks face renewed pressure over AI spending and profitability concerns.
- Reuters reported Nasdaq futures fell nearly 2% after Tesla and Meta results did little to ease doubts about the AI outlook; higher oil prices added to market jitters.
- Dell announced AI Factory advancements with NVIDIA on October 21, but that positive news does not explain the decline. No company-specific negative catalyst was identified.