--- title: "Weekly Recap | Dell Tech -9.93%, caught in chip-sector sell-off" type: "News" locale: "en" url: "https://longbridge.com/en/news/296667869.md" description: "Dell Technologies (DELL) pulled back sharply this week, dropping 9.93% to close at $442.08 — underperforming the S&P 500 by roughly 8.5 percentage points. The stock opened Monday at $496.65, which turned out to be the week’s high, before sliding through midweek. Wednesday saw the heaviest selling, with the intraday low hitting $427.54 and a single-day decline of more than 6%. The week’s amplitude reached 13.96%." datetime: "2026-08-22T04:52:41.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/296667869.md) - [en](https://longbridge.com/en/news/296667869.md) - [zh-HK](https://longbridge.com/zh-HK/news/296667869.md) generator: "portal-rs" --- # Weekly Recap | Dell Tech -9.93%, caught in chip-sector sell-off ## The Week Dell Technologies (DELL) pulled back sharply this week, dropping 9.93% to close at $442.08 — underperforming the S&P 500 by roughly 8.5 percentage points. The stock opened Monday at $496.65, which turned out to be the week’s high, before sliding through midweek. Wednesday saw the heaviest selling, with the intraday low hitting $427.54 and a single-day decline of more than 6%. The week’s amplitude reached 13.96%. Thursday and Friday brought a modest stabilisation, with the stock settling at $442.08, leaving a pattern of a steep sell-off followed by low-level consolidation. ## Key Events Dell’s move this week was largely sector-driven. On Monday, Melius Research raised its price target for Dell, citing growing AI infrastructure spending by enterprises and cloud providers, but the stock still fell nearly 3% on the day. On Tuesday, the company announced a conference call for 1 September after market close to discuss its fiscal Q2 2027 results; the market showed little initial reaction. Wednesday marked the week’s pivot point. A broad sell-off swept through the GPU and CPU sector — Marvell and Broadcom were among the notable decliners — and Dell dropped over 6% intraday with no company-specific catalyst. Some put options surged as much as 469% on the day. Analysts characterised the move as a sector-wide rotation out of chips, though Dell managed a 1% after-hours bounce on Thursday. Friday saw a partial recovery, with the stock rising 1.7% and outperforming the broader market. ## Analyst Ratings As of this week, 28 analysts cover Dell Technologies: 14 rate it buy, 5 rate it over, 8 rate it hold, and 1 has no opinion; no analysts rate it under or sell. The consensus rating is buy, with a consensus target price of $508.78, implying a roughly 15.1% potential upside from the current price. The target range spans from $360 to $700, reflecting a wide dispersion of long-term views among brokers. Within the hardware, storage and peripherals industry, Dell ranks 3rd out of 31 companies, with coverage density well above the industry average. ## The Week Ahead On the macro front, Tuesday 25 August brings a flurry of US data: FHFA house prices, the Case-Shiller 20-city index, consumer confidence, and new home sales. Housing-related prints could shift expectations around the rate path and, in turn, feed into tech-sector valuations. For Dell specifically, the main event is its fiscal Q2 2027 earnings release on 1 September after the close. The market is looking for EPS of $4.43 and revenue of roughly $44.4 billion. The discussion around AI server order momentum and margins will be the key test of the AI infrastructure investment thesis. ## In Short This week’s retreat was not triggered by a Dell-specific fundamental event; it was largely a reflection of profit-taking across the chip complex. On the ratings side, the consensus target remains well above the spot price, and the buy-rated majority signals continued attention on AI hardware demand. But the wide target range suggests that long-term expectations are far from settled. The next focus points are whether sector sentiment can stabilise and whether the upcoming earnings print can deliver fresh support on both the revenue and order fronts. *This article is generated by LongbridgeAI from market data, for information only and not investment advice.* ### Related Stocks - [DELL.US](https://longbridge.com/en/quote/DELL.US.md) ## Related News & Research - [Dell Technologies Says Agentic AI Will Redefine Work, Infrastructure and Security](https://longbridge.com/en/news/296955147.md) - [CoreWeave Just Landed a Multibillion-Dollar AI Deal. How to Play CRWV Stock.](https://longbridge.com/en/news/296937988.md) - [A mysterious free AI model is impressing developers. 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