Dell Drops 6%, Western Digital Rises 5% as the Memory Boom Splits the AI Hardwar

Dell fell 6% and Western Digital surged 5%, splitting the AI trade between memory sellers gaining pricing power and assemblers absorbing higher costs.

Micron's blowout quarterly results sparked the memory rally, lifting SanDisk alongside Western Digital as AI data center demand validates elevated storage valuations.

Dell's gross margin compressed from 21% to 18% last quarter, and climbing memory costs threaten to deepen that squeeze heading into August earnings.

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Shares of Dell Technologies (NYSE:DELL) are down 6% in midday trading Thursday, last changing hands near $407 after closing at $434.06 on Wednesday. The slide stands out because it's happening on a day when memory and storage names are ripping higher.

At the same time, Western Digital (NASDAQ:WDC) stock is up 5%, trading near $678. The split between a server and PC builder falling while a storage maker rallies tells the story of today's market action in AI hardware stocks.

Both names have been monster performers in 2026. Dell stock is up 224% year to date through Wednes

Fuente original: Yahoo Finance (https://finance.yahoo.com/markets/stocks/articles/dell-drops-6-western-digital-172815580.html)