Dell Technologies (DELL) Stock Movement Summary On January 20, Morgan Stanley lowered its price target for Dell Technologies to $111, citing the slowest hardware budget growth in 15 years. This downgrade coincided with analyst commentary from Citi on the same day. Additional developments affecting the stock include: - PC makers HP, Dell, Acer, and Asus are considering sourcing memory chips from Chinese chipmakers amid a global supply crunch threatening product launches and increasing costs. - Five former Dell employees filed a lawsuit alleging the company mismanaged retirement plans, claiming workers lost $318 million. - Short interest in Dell Technologies grew by 20.4%. - Dell maintains strength in AI server markets and announced a partnership with NxtGen AI to build India's first and largest AI factory using Dell AI Factory with NVIDIA solutions.
Read full analysisDell Technologies (DELL) Stock Movement Summary On January 20, Morgan Stanley lowered its price target for Dell Technologies to $111, citing the slowest hardware budget growth in 15 years. This downgrade coincided with analyst commentary from Citi on the same day. Additional developments affecting the stock include: - PC makers HP, Dell, Acer, and Asus are considering sourcing memory chips from Chinese chipmakers amid a global supply crunch threatening product launches and increasing costs. - Five former Dell employees filed a lawsuit alleging the company mismanaged retirement plans, claiming workers lost $318 million. - Short interest in Dell Technologies grew by 20.4%. - Dell maintains strength in AI server markets and announced a partnership with NxtGen AI to build India's first and largest AI factory using Dell AI Factory with NVIDIA solutions.
Dell Technologies Inc. (DELL) is a publicly traded company in the Broad Market sector.