Dell Technologies came under pressure Monday as a broader sell-off in AI-related stocks pushed the company’s share price down more than 6% at one point, according to market data cited by BIT (Bit.com). The drop cut founder Michael Dell’s net worth by $15.1 billion, leaving him with $261.4 billion and moving him from No. 2 to No. 4 on Forbes’ real-time billionaire list, behind Elon Musk, Larry Page and Jeff Bezos.
The reversal followed a powerful run tied to enthusiasm around AI data center spending. Dell shares had previously climbed as much as about 321% this year. The company’s Sept. 1 earnings report showed second-quarter revenue of $47 billion, up 58% year over year, while revenue from AI-optimized servers doubled to $16.4 billion.
Dell also raised its outlook for AI-optimized server revenue, saying it now expects the figure to reach $74 billion in fiscal 2027, above an earlier projection of $60 billion. The move in Dell shares came as AI names broadly weakened. BlockBeats said recent calls from Anthropic CEO Dario Amodei and OpenAI CEO Sam Altman to slow the development of frontier AI prompted investors to reassess AI capital spending and infrastructure demand. On Monday, Nvidia fell more than 3%, AMD dropped more than 5.5%, Intel lost 5.5%, SoftBank closed down more than 10%, while ASML and Samsung also moved lower.
Dell Technologies shares fell more than 6% at one point on Monday as AI-related stocks sold off broadly, according to BIT (Bit.com) market data cited by BlockBeats on Sept. 14. The decline wiped $15.1 billion from founder Michael Dell’s net worth, reducing it to $261.4 billion.
The drop also changed his standing on the Forbes real-time billionaire list. Michael Dell slipped from No. 2 to No. 4, trailing Elon Musk, Larry Page and Jeff Bezos.
Pullback follows a strong AI-driven rally
Dell had previously benefited from the boom in AI data center investment. Its stock had at one point posted a year-to-date gain of about 321%.
This latest pullback came alongside a broader decline in global AI-related equities.
Earnings and forward guidance
Dell’s earnings report released on Sept. 1 showed second-quarter revenue of $47 billion, up 58% from a year earlier. Revenue from AI-optimized servers doubled to $16.4 billion.
The company also said it expects AI-optimized server revenue to reach $74 billion in fiscal 2027, above its previous forecast of $60 billion.
Other AI-linked stocks also fell
BlockBeats said recent calls from Anthropic CEO Dario Amodei and OpenAI CEO Sam Altman to slow frontier AI development led the market to reassess AI capital spending and infrastructure demand.
On Monday, Nvidia fell more than 3%, AMD dropped more than 5.5%, Intel lost 5.5%, and SoftBank closed down more than 10%. ASML and Samsung also weakened.
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