On July 29, Dell Technologies Inc. fell 4.62% in pre-market trading, trading at $387.32/share, with turnover of $4.8964 million, extending the severe selling pressure from the previous session.

On the news front, the computer hardware sector continues to weaken broadly, with Dell having already recorded a decline of over 14% on July 28, marking its largest single-day drop since April of last year. At the industry level, the global PC market turned negative for the first time in Q2 after five consecutive quarters of growth, with shipments declining 4% year-over-year. Dell's shipments fell 6% year-over-year, underperforming the broader market. Additionally, concerns over AI server profit margins, a slower-than-expected AI PC upgrade cycle, and surging storage chip prices pushing up system costs have compounded bearish sentiment. The high interest rate environment continues to compress enterprise IT budgets, further weighing on demand outlook. Within the sector, SanDisk fell 2.56%, Super Micro Computer declined 0.98%, while Seagate Technology rose 5.04%.

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