Dell Technologies Inc is trading 4.9% down at $401.55 as investors lock in profits following a significant rally driven by record AI server demand and elevated growth expectations.
- The stock is extending a pullback from its recent peak, reflecting a broader risk-off rotation away from crowded AI-related names rather than company-specific news.
- Technology sentiment remains weak across the board, with the Nasdaq falling 1.67% as high-valuation semiconductor and tech stocks underperform.