Dell Sinks 11% as Intel's Warning on PC Slump and Memory Shortage Hits Hardware Stocks; HP Tumbles 9%, Hewlett Packard Enterprise and Super Micro Fall 7%
Intel warned that memory shortages are choking PC demand, pressuring hardware stocks. Dell shares were reported down 11%, with HP down 9% and Hewlett Packard Enterprise and Super Micro down 7%.
Why it matters — The warning and broad declines highlight potential pressure on demand for Dell’s PCs and servers.