TLDR
- Dell (DELL) stock fell about 11% on Friday and traded at $415.47.
- Intel CEO Lip-Bu Tan expects global PC shipments to drop 12% in 2026 and 10% in 2027.
- Third-quarter PC shipments fell 20.1% to 21% year over year, and Dell’s dropped 25%.
- Intel expects the weakness to last through at least the first half of 2027.
- Dell is still up 225% this year but sits 29% below its 52-week high of $588.40.
Dell (DELL) stock fell about 11% on Friday and traded at $415.47. That leaves it 29% below its 52-week high of $588.40 from September.
The drop followed a warning from Intel (INTC) about PC demand. Intel’s own stock fell about 29%, so it was a rough Friday for the PC trade.
Intel CEO Lip-Bu Tan said global PC shipments could fall 12% in 2026. He expects another 10% drop in 2027.
Why PC Demand Is Weakening
Tan pointed to component shortages and rising memory prices. He said those could lead buyers to delay purchases.
He added that the correction sped up over the past two months. PC makers have been cutting inventories to match softer sales.
Intel expects the weakness to last through at least the first half of 2027. That would hold until component pricing steadies.
Early data from IDC and Counterpoint Research backs up the concern. Third-quarter global PC shipments fell between 20.1% and 21% from a year earlier.
Dell’s own shipments dropped 25% in the quarter. That is worse than the range for the overall market.
Dell was down about 10% in premarket trading. It was off 9.5% during the morning session.
How Dell Has Been Trading
Dell has been a busy stock this year. It has made 47 moves of more than 5% over the past year.
The stock is still up 225% since January. A $1,000 investment made five years ago would now be worth $3,726.
Friday’s drop came three days after a gain of 8.3%. That jump followed news of new cybersecurity tools for AI environments.
Dell said Security Hardening for the Dell AI Factory is available this month. Resilience Operations for AI is available now.
PowerProtect identity tools are also available now. They restore clean copies of Active Directory, Microsoft Entra ID, and Okta after an attack.
Dell also introduced new PCs built for AI around the same time. Those launches came days before Intel’s outlook.
The latest figure on the table is the fourth-quarter outlook. The decline in PC shipments could deepen to 27% across the market.
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