Why Are DELL and HPQ Stocks Plunging in Premarket Trading Today, October 30?
Dell (DELL) and HP (HPQ) stocks fell in premarket trading after Intel (INTC) forecast a prolonged PC sales slowdown, with shipments expected to drop 12% in 2026 and 10% in 2027. DELL and HPQ declined 9.5% and 7%, respectively. Intel's CEO cited supply shortages and high memory-chip prices as key factors. IDC and Counterpoint Research data showed global PC shipments fell 20.1%-21% YoY in Q3 2026, with HP and Dell reporting declines of 30.9% and 25%, respectively.
How this was made
The 30-second read
Why it matters
The guidance triggered immediate pre‑market declines for PC makers Dell and HP, while Intel's own stock plunged on earnings miss.
Market read
Fresh Intel guidance creates immediate downside for major PC OEMs, driving notable pre‑market price moves.
What to watch
Enterprise server and data‑center demand may offset PC weakness for Dell and HP.
Background
Intel's CEO Lip‑Bu Tan projected a 12% decline in PC shipments this year and an additional 10% drop in 2027, citing memory‑chip shortages and rising prices.
Ticker impact
Dell shares fell 9.5% in pre‑market trading after Intel warned of a prolonged PC sales slowdown.
downward pressure as investors price in lower PC sales outlook
Dell's core PC business is directly affected by Intel's slowdown forecast, driving the sharp pre‑market drop.
HP shares fell 7% in pre‑market trading following Intel's PC slowdown warning.
downward pressure as market anticipates weaker demand
HP, like Dell, relies heavily on PC sales; Intel's guidance creates immediate downside risk.
Intel stock dropped more than 25% after missing revenue and earnings estimates and issuing the PC slowdown outlook.
continued pressure as investors reassess growth prospects
The earnings miss and forward guidance are fresh, material information driving the large price move.
Market effects
PC and broader PC‑related hardware sector may see broader weakness as Intel's outlook signals demand contraction.
U.S. technology stocks likely to face sell pressure in early trading.
Potential ripple effect on global PC OEMs and component suppliers.
Counterpoint
If Intel's slowdown is overstated, Dell and HP could rebound on longer‑term demand recovery.
Key entities
- CompanyIntel Corporation
Chipmaker issuing PC slowdown forecast.
- CompanyDell Technologies
PC and server manufacturer impacted by Intel's outlook.
- CompanyHP Inc.
PC and printer maker affected by the same slowdown.
