DELL Loses 11% in a Week: Should Investors Buy the Dip?
Dell Technologies(DELL) ZACKS·2024-07-18 23:21
Dell Technologies (DELL) shares have dropped 11% in a week. Its prospects have suffered from sluggish PC sales, as well as reports that the U.S. administration will tighten trade restrictions on the chip industry due to China concerns.Per IDC’s latest report, DELL is the only vendor that witnessed a shipment decline in the second quarter of 2024. Apple’s (AAPL) 20.8% estimated year-over-year shipment growth rate is the largest in IDC’s vendor list, followed by Acer Group, Lenovo and HP (HPQ) , whose shipmen ...