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Dell shares plunge 11%, dragging down data center stocks

CNBC ·

ORCL Oracle Corp
$130.55 -8.83%
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  1. 1Dell shares fell 11% on Wednesday, causing data center equipment stocks to decline.
  2. 2Barclays analysts downgraded Dell, HPE, and NetApp from buy to hold.
  3. 3Companies are generally allocating only 5% of IT budgets to AI.

So what's the key point?

Dell shares fell more than 11%, which also caused companies related to data centers to decline. Experts suggested holding these stocks rather than buying them.

Source CNBC · View original ↗

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