Dell Stocks Fall 8.16% as AI Server Selloff Deepens Before November 24 Earnings

What happened

Dell shares fell 8.16% to $340.87 in Friday’s November 13 regular session, and were down more than 35% over the past month. The article links the decline to a deepening AI server selloff after Jensen Huang’s resignation from Nvidia. Dell reported strong AI server orders and revenue, raised fiscal 2027 guidance, and scheduled its third-quarter call for November 24.

Confirmed

Global impact / market context

Dell’s reported orders, revenue and higher guidance point to substantial demand, but the article says its business is built mostly around Nvidia hardware. If Nvidia leadership turmoil weakens customer orders or confidence, Dell’s backlog and future sales could come under pressure despite its raised targets.

Analyst inference

The article presents a sharp contrast between falling shares and stronger company forecasts: Dell reported a $95 billion backlog and lifted its fiscal 2027 revenue and AI server goals. That gap may reflect investor concern about Nvidia dependence, though the article does not establish the selloff’s full cause.

Analyst inference

What to watch

1. Dell’s November 24 third-quarter call may clarify whether AI server orders and revenue are keeping pace with its raised fiscal 2027 goals and $95 billion backlog. Analyst inference
2. Watch for details on the Nvidia-related concern cited in the article; changes in Dell’s reliance on Nvidia hardware could affect its order outlook and future sales. Analyst inference
3. Compare reported results with the company’s guidance: Dell raised fiscal 2027 revenue to $192 billion, its AI server revenue goal to $74 billion, and gave $25.50 non-GAAP EPS guidance. Confirmed

Evidence

• gurufocus.com