Dell Technologies Inc.

Dell Technologies Inc. (NYSE: DELL) develops, manufactures, markets, and supports a broad range of integrated technology solutions, products, and services, operating through two primary segments: Infrastructure Solutions Group (ISG) and Client Solutions Group (CSG).

As per US Dailies Report published on ‘DELL’ on Nov 20, 2025, Kalkine provided an ‘Buy’ stance on the stock at USD 119.38 based on technical analysis and the stock price has now moved up by ~ 24.94% since then.

Noted below are the details of support and resistance levels provided in our previous report:

Rationale:

Despite strong demand for AI infrastructure and a robust pipeline of AI server orders, Dell Technologies faces a combination of cost pressures, insider share disposals, and broader market uncertainties that may temper near-term upside. The sharp surge in memory component costs—DRAM prices rising nearly 5.5x and NAND prices increasing fourfold—could compress hardware margins even as AI server deployments accelerate. While the company continues to benefit from large enterprise demand and strategic partnerships with leading technology firms such as NVIDIA, Microsoft, and Google, the significant insider share sale by a board member and the elevated expectations embedded in current growth forecasts suggest that much of the AI-driven optimism may already be reflected in market sentiment. In this context, heightened geopolitical uncertainty, potential inflationary pressures from rising energy prices, and broader financial market volatility may encourage a more cautious stance toward the company’s near-term market outlook.

Share Price Chart

Conclusion

Following strong momentum driven by AI infrastructure demand and substantial order backlog visibility, the stock’s elevated expectations alongside rising component costs and broader macro uncertainty, a "Sell" recommendation on Dell Technologies Inc. (NYSE: DELL) has been given at the current market price of USD 149.15 as on 11 March 2026 at 8:16 am PDT.

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance level is 11 March 2026. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.

Note 4: Target Price refers to a price level which the stock is expected to reach as per the relative valuation method and/or technical analysis taking into consideration both short-term and long-term scenario.

Note 5: ‘Kalkine reports are prepared based on the stock prices captured either from the London Stock Exchange (LSE) and or REFINITIV. Typically, both sources (LSE and or REFINITIV) may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.’

Note 6: Dividend Yield may vary as per the stock price movement.