New York, March 3, 2026, 19:06 ET — Activity in after-hours.
Dell Technologies slipped 5.4% in Tuesday’s after-hours session, down $8.36 to $145.18. The stock moved between $141.09 and $151.77 during the day, with around 15.2 million shares changing hands.
Selling pressure landed on a jittery market. Oil prices jumped and Treasury yields climbed as Middle East tensions ratcheted up—conditions that can put tech stocks under strain if inflation fears resurface.
Dell shares have stood out among U.S. hardware names since Feb. 27, after the company projected AI-optimized server revenue could jump about 103% to near $50 billion by fiscal 2027 and announced an upgraded capital-return plan. J.P. Morgan analyst Samik Chatterjee and his team pointed to Dell’s role in “Tier 2 Cloud and Enterprises” AI compute, saying that position leaves it with more flexibility to handle margins across the cycle. Reuters
Tuesday saw a mixed bag across hardware stocks. HP Inc tacked on roughly 1.6%. Hewlett Packard Enterprise dropped around 2.2%, and Super Micro Computer, focused on servers, slid 3.7%.
SL SPV-2, L.P., an entity tied to Silver Lake, flagged plans to unload 179,400 Dell Class C shares in a Form 144 filed March 2. The SEC notice, standard for insiders or affiliates ahead of share sales, named Merrill Lynch as the broker. Also in the filing: director Egon Durban’s earlier sale back in December.
Cost pressures haven’t disappeared from the AI server race. On Dell’s Feb. 26 post-earnings call, COO Jeff Clarke talked about customers reeling from “sticker shock” at elevated prices, but said orders picked up quickly once it was clear the supply situation was tight. Gabelli Funds’ Hendi Susanto, for his part, said Dell was “getting ahead of a challenge that continues to pressure peers.” Reuters
Rising component costs pose a risk, especially if enterprise spending falters and investors start losing patience with hardware stocks linked to the AI rollout. Toss in even small planned share sales, and jittery markets can amplify the pressure.
Dell’s board on Monday approved a quarterly cash dividend of $0.63 a share, set for payment May 1 to those holding shares by April 21. Eyes shift to Wednesday’s calendar: CFO David Kennedy takes the stage at Morgan Stanley’s Technology, Media & Telecom conference, set for 5:35 p.m. ET.
