Dell stock fell 12.38% to $416.66 during trading on October 30, 2026, following Intel’s warning about memory shortages and a continuing slowdown in the PC market.
Dell stock trades below prior close
Dell Technologies shares were down $58.85 from the previous close of $475.51. They opened at $419.03 and traded between $413.00 and $441.08 during the session.
The decline followed Intel’s comments, although their timing alone does not establish what caused investors to sell Dell shares. The quoted price was an intraday observation, not a closing price.
Intel sees continued PC weakness
Intel said memory shortages and higher prices were weighing on PC demand, with customers signaling a slowdown and computer makers managing inventories to match softer sales. Tighter memory supply could raise component costs and limit shipments, creating a potential headwind for Dell’s PC business.
In Intel’s third-quarter earnings release, Chief Financial Officer David Zinsner said he expected the PC slowdown to continue at least through the first half of 2027. Intel also identified current industry-wide memory shortages among its supply-chain risks.
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