Dell Shares Close 10.77% Lower at $424.30 After Friday Selloff

Dell Technologies shares closed at $424.30 on Friday, Oct. 30, capping a 10.77% daily decline as Intel projected that PC-market unit volume would continue shrinking through 2027.

The close was $51.21 below the previous session's $475.51. Dell had traded at $419.78, down $55.73, in the final hour before finishing at $424.30. The final-hour decline preceded the closing price.

On Intel's Oct. 29 earnings call, CFO David Zinsner projected that overall PC-market unit volume would fall about 12% in 2026 and 10% in 2027. He said an inventory correction could continue through at least the first quarter of 2027 and possibly into the second. Intel did not expect memory conditions to improve in 2027. The percentages describe unit volume, not dollar sales, and the forecast covers the PC market rather than Dell alone.

A preliminary estimate put worldwide PC shipments at 62.7 million units in the calendar third quarter, down 20.1% from a year earlier. Dell shipments were estimated at 7.6 million, a 25% decline, and its estimated market share fell to 12.1% from 12.9%. The count includes devices sent to distribution channels or delivered to end users, so it does not represent consumer purchases alone.

Dell's fiscal second quarter, which ended July 31, showed growth in AI infrastructure. AI-optimized server revenue reached $16.4 billion, double the year-earlier amount. Dell also recorded $60.9 billion in AI-server orders and a record $95 billion AI backlog at quarter-end. Orders and backlog are not recognized revenue. Total quarterly revenue was $47 billion, up 58% year over year.

The figures cover different periods and measures. The PC shipment estimate counts computers sent to channels or end users during the calendar third quarter; Dell's AI-server revenue comes from its fiscal quarter ended July 31. Intel's outlook estimates PC units across the market, while Dell's AI-server results cover a separate business line.