Why Is Dell Technologies (DELL) Stock Price Down 8.15% Today, July 28? AI Server Rally Unwinds in a Broad Hardware Selloff

Dell fell 8.15% amid a broad AI-hardware de-risking move, with peers like AMD and Micron also sharply lower and no Dell-specific guidance change reported. The decline suggests positioning unwind after a recent AI-server-led rally, increasing sensitivity to sector sentiment and risk appetite. Near-term focus shifts to whether selling pressure across semis and AI infrastructure stabilizes, as Dell's move looks driven more by thematic exposure than fundamentals.