Dell Stock Falls 11% After Intel Warns of Prolonged PC Slump

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. Dell Technologies Inc., DELL 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.

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