Dell Drops 6%, Western Digital Rises 5% Amid AI Hardware Market Divergence
Dell Technologies (DELL) fell 6% while Western Digital (WDC) rose 5% as the AI hardware trade splits between memory suppliers gaining pricing power and PC/server builders facing margin pressures. Micron's strong quarterly results boosted storage stocks, but Dell’s gross margins declined from 21% to 18%, with rising memory costs expected to further pressure its earnings.
Topics: AI hardware Dell earnings memory boom storage stocks Western Digital rally