El interés en corto de Dell Technologies da a los inversores una idea del grado en que los inversores apuestan por la caída de las acciones de Dell Technologies. Los datos de interés en corto se actualizan cada dos semanas.

Dell Technologies (NYSE:DELL) Bolsa, Informe de interés en corto

Dell Technologies

Dell Inc.

NASDAQ

Dell Technologies is a broad information technology vendor, primarily supplying hardware to enterprises. It is focused on premium and commercial personal computers and enterprise on-premises data center hardware. It holds top-three market shares in its core markets of personal computers, peripheral displays, mainstream servers, and external storage. Dell has a robust ecosystem of component and assembly partners, and also relies heavily on channel partners to fulfill its sales.

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Descubre las recientes ventas de insiders en Skyworks, Dell, Warner Music y Netflix, y cómo podrían influir en el mercado.

Netflix, Dell y otras 2 acciones que los insiders están vendiendo

Technicals

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SMCI

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Las acciones de Super Micro Computer (SMCI) caen un 65% desde su máximo. Descubre el análisis técnico y los riesgos del auge de la IA.

Super Micro Computer (SMCI) lucha contra la volatilidad de la inteligencia artificial

Insider Trades

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Los insiders de Dell, Alphabet, NVIDIA y Bank of America realizan ventas significativas. ¿Qué implicaciones tiene para las acciones?

Nvidia, Alphabet y otras 2 acciones que los insiders están vendiendo

Dell Technologies Inc. Class C Common Stock

Dell Technologies Inc

Dell Technologies's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) short percent of float has risen 37.09% since its last report. The company recently reported that it has 13.89 million shares sold short, which is 4.62% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.2 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Dell Technologies Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1734368410_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Dell Technologies has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Dell Technologies's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Dell Technologies's peer group average for short interest as a percentage of float is 7.35%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

How Is The Market Feeling About Dell Technologies?

As the tech sector pivots from <a href="https://www.benzinga.com/topic/artificial-intelligence">AI-fueled growth</a> to a broader market recovery, JPMorgan analyst Samik Chatterjee highlights a cyclical rebound powering upside for traditional IT infrastructure and industrial tech.
Top picks like Dell Technologies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>), Corning Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLW#NYSE">GLW</a>) and Coherent Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COHR#NYSE">COHR</a>) are set to ride the next cyclical upswing from recovering demand in servers, telecom, and industrial markets. 
At the same time, the analyst says Arista Networks Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANET#NYSE">ANET</a>), Cisco Systems Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>) and Amphenol Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APH#NYSE">APH</a>) stand to gain from networking and multi-sector recoveries.
<h2 class="wp-block-heading">Why These Three?</h2>
Chatterjee's strategy banks on recovery beyond AI-driven hype. 
<ul>
<li>The resurgence of traditional IT infrastructure demand should position Dell for long-term growth. Infrastructure investments and enterprise upgrades are expected to spearhead Dell's upside.</li>
</ul>
<ul>
<li>Corning brings its diversified industrial tech portfolio to the table. With AI-driven telecom growth and a revival in optical and display markets, Corning is poised to shine as end-market recoveries take center stage.</li>
</ul>
<ul>
<li>Coherent, a player in the optical sector, rounds out the trio with its diversified revenue streams. Chatterjee points to margin-expansion opportunities and AI-related synergies as key drivers for this pick, particularly as the company works through inventory digestion challenges.</li>
</ul>
Read Also: <a href="https://www.benzinga.com/news/24/11/42231610/microsoft-hp-dell-ramp-up-parts-production-in-china-ahead-of-trumps-return-to-white-house">Microsoft, HP, Dell Race To Ramp Up Production In China As Trump&#8217;s Tariff Threat Looms Ahead Of His White House Return</a>
<h2 class="wp-block-heading">A Broader Tailwind Beyond AI &#8211; Arista, Cisco, Amphenol</h2>
The report underscores a robust cyclical resurgence in critical hardware and networking sectors. After experiencing downturns in late 2023 and early 2024, traditional IT infrastructure markets—encompassing servers, storage, and enterprise networking—are showing signs of substantial recovery. The analyst says companies like Arista Networks, Cisco, and Amphenol are strategically positioned to capitalize on these emerging networking opportunities and multi-market rebounds.
The PC market, for example, is expected to shift gears in 2025, with enterprise/commercial refreshes driving mid-single-digit growth. Similarly, the smartphone market, already seeing modest growth in 2024, is forecasted to accelerate next year, boosted by subsidies in China.
On the networking front, datacenter switches and wireless LANs are primed for the most substantial rebounds in 2025, reflecting enterprises' push toward datacenter investments. 
This sets the stage for Arista and Cisco, both benefiting from secular shifts in cloud and AI-driven networking.
<h2 class="wp-block-heading">Dell, Corning, Coherent Lead The Charge</h2>
JPMorgan's call for a cyclical rebound beyond AI hype highlights a return to fundamentals, with Dell, Corning, and Coherent leading the charge. 
With broader end markets poised for recovery, these names stand out as key beneficiaries in the next phase of tech and industrial growth.
Investors looking for opportunities in a post-AI frenzy market may find this pivot toward a cyclical recovery both timely and lucrative.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/24/12/42504194/us-stocks-to-open-higher-ahead-of-feds-decision-this-week-analyst-says-santa-comes-later-in-december">US Stocks To Open Higher Ahead Of Fed&#8217;s Decision This Week: Analyst Says &#8216;Santa Comes Later In December&#8217;</a></li>
</ul>
Photo: Shutterstock

Analyst Color

Long Ideas

Analyst Ratings

ANET

COHR

CSCO

Dell, Corning, Coherent: JPMorgan's Top Picks For Cyclical Recovery 'Beyond AI'

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Information Technology sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NVDA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/13/24</td>
<td>$135.00</td>
<td>$70.4K</td>
<td>29.1K</td>
<td>45.8K</td>
</tr>
<tr>
<td>AAPL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$245.00</td>
<td>$92.5K</td>
<td>9.6K</td>
<td>6.7K</td>
</tr>
<tr>
<td>SOUN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/13/24</td>
<td>$15.00</td>
<td>$105.0K</td>
<td>6.6K</td>
<td>6.6K</td>
</tr>
<tr>
<td>PLTR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$80.00</td>
<td>$56.4K</td>
<td>17.2K</td>
<td>5.3K</td>
</tr>
<tr>
<td>INTC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/17/25</td>
<td>$24.00</td>
<td>$27.6K</td>
<td>2.3K</td>
<td>3.4K</td>
</tr>
<tr>
<td>MSTR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$600.00</td>
<td>$28.9K</td>
<td>3.5K</td>
<td>2.7K</td>
</tr>
<tr>
<td>DELL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$135.00</td>
<td>$71.6K</td>
<td>4.9K</td>
<td>2.6K</td>
</tr>
<tr>
<td>BTDR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$20.00</td>
<td>$165.0K</td>
<td>12.1K</td>
<td>2.4K</td>
</tr>
<tr>
<td>ORCL</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>12/13/24</td>
<td>$185.00</td>
<td>$28.9K</td>
<td>3.8K</td>
<td>2.3K</td>
</tr>
<tr>
<td>TSM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$200.00</td>
<td>$53.5K</td>
<td>28.1K</td>
<td>1.7K</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• Regarding NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we observe a put option sweep with bullish sentiment. It expires in 3 day(s) on December 13, 2024. Parties traded 503 contract(s) at a $135.00 strike. This particular put needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $70.4K, with a price of $140.0 per contract. There were 29122 open contracts at this strike prior to today, and today 45881 contract(s) were bought and sold. 
• Regarding AAPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), we observe a put option sweep with bearish sentiment. It expires in 10 day(s) on December 20, 2024. Parties traded 500 contract(s) at a $245.00 strike. This particular put needed to be split into 37 different trades to become filled. The total cost received by the writing party (or parties) was $92.5K, with a price of $185.0 per contract. There were 9667 open contracts at this strike prior to today, and today 6725 contract(s) were bought and sold. 
• For SOUN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOUN#NASDAQ">SOUN</a>), we notice a call option trade that happens to be bullish, expiring in 3 day(s) on December 13, 2024. This event was a transfer of 1000 contract(s) at a $15.00 strike. The total cost received by the writing party (or parties) was $105.0K, with a price of $105.0 per contract. There were 6621 open contracts at this strike prior to today, and today 6648 contract(s) were bought and sold. 
• For PLTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>), we notice a call option sweep that happens to be bearish, expiring in 38 day(s) on January 17, 2025. This event was a transfer of 150 contract(s) at a $80.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $56.4K, with a price of $376.0 per contract. There were 17291 open contracts at this strike prior to today, and today 5399 contract(s) were bought and sold. 
• For INTC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), we notice a call option sweep that happens to be bearish, expiring in 128 day(s) on April 17, 2025. This event was a transfer of 200 contract(s) at a $24.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $27.6K, with a price of $138.0 per contract. There were 2390 open contracts at this strike prior to today, and today 3497 contract(s) were bought and sold. 
• For MSTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), we notice a call option sweep that happens to be neutral, expiring in 38 day(s) on January 17, 2025. This event was a transfer of 18 contract(s) at a $600.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $28.9K, with a price of $1609.0 per contract. There were 3571 open contracts at this strike prior to today, and today 2759 contract(s) were bought and sold. 
• For DELL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>), we notice a call option sweep that happens to be bullish, expiring in 38 day(s) on January 17, 2025. This event was a transfer of 587 contract(s) at a $135.00 strike. This particular call needed to be split into 46 different trades to become filled. The total cost received by the writing party (or parties) was $71.6K, with a price of $122.0 per contract. There were 4928 open contracts at this strike prior to today, and today 2694 contract(s) were bought and sold. 
• Regarding BTDR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTDR#NASDAQ">BTDR</a>), we observe a call option sweep with bearish sentiment. It expires in 101 day(s) on March 21, 2025. Parties traded 330 contract(s) at a $20.00 strike. This particular call needed to be split into 47 different trades to become filled. The total cost received by the writing party (or parties) was $165.0K, with a price of $500.0 per contract. There were 12150 open contracts at this strike prior to today, and today 2414 contract(s) were bought and sold. 
• For ORCL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>), we notice a put option trade that happens to be neutral, expiring in 3 day(s) on December 13, 2024. This event was a transfer of 31 contract(s) at a $185.00 strike. The total cost received by the writing party (or parties) was $28.9K, with a price of $935.0 per contract. There were 3824 open contracts at this strike prior to today, and today 2366 contract(s) were bought and sold. 
• For TSM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>), we notice a call option sweep that happens to be bullish, expiring in 38 day(s) on January 17, 2025. This event was a transfer of 71 contract(s) at a $200.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $53.5K, with a price of $756.0 per contract. There were 28156 open contracts at this strike prior to today, and today 1716 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

AAPL

BTDR

INTC

MSTR

ORCL

PLTR

SOUN

10 Information Technology Stocks With Whale Alerts In Today's Session

Whales with a lot of money to spend have taken a noticeably bearish stance on Dell Technologies.
Looking at options history for Dell Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) we detected 30 trades.
If we consider the specifics of each trade, it is accurate to state that 40% of the investors opened trades with bullish expectations and 50% with bearish.
From the overall spotted trades, 14 are puts, for a total amount of $1,082,101 and 16, calls, for a total amount of $1,571,296.
<h3>Predicted Price Range</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $100.0 and $160.0 for Dell Technologies, spanning the last three months.
<h3>Insights into Volume &amp; Open Interest</h3>
In terms of liquidity and interest, the mean open interest for Dell Technologies options trades today is 1999.28 with a total volume of 7,799.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Dell Technologies's big money trades within a strike price range of $100.0 to $160.0 over the last 30 days.
<h3>Dell Technologies Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1733850977_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>DELL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$8.4</td>
<td>$8.2</td>
<td>$8.36</td>
<td>$115.00</td>
<td>$419.5K</td>
<td>1.8K</td>
<td align="right">535</td>
</tr>
<tr>
<td>DELL</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$6.6</td>
<td>$6.4</td>
<td>$6.6</td>
<td>$125.00</td>
<td>$264.0K</td>
<td>3.9K</td>
<td align="right">626</td>
</tr>
<tr>
<td>DELL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$16.5</td>
<td>$16.5</td>
<td>$16.5</td>
<td>$135.00</td>
<td>$239.2K</td>
<td>4.6K</td>
<td align="right">141</td>
</tr>
<tr>
<td>DELL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$12.75</td>
<td>$12.65</td>
<td>$12.65</td>
<td>$130.00</td>
<td>$211.2K</td>
<td>4.6K</td>
<td align="right">210</td>
</tr>
<tr>
<td>DELL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$10.05</td>
<td>$9.9</td>
<td>$9.9</td>
<td>$160.00</td>
<td>$127.7K</td>
<td>1.0K</td>
<td align="right">140</td>
</tr>
</tbody>
</table>

<h3>About Dell Technologies</h3>
Dell Technologies is a broad information technology vendor, primarily supplying hardware to enterprises. It is focused on premium and commercial personal computers and enterprise on-premises data center hardware. It holds top-three market shares in its core markets of personal computers, peripheral displays, mainstream servers, and external storage. Dell has a robust ecosystem of component and assembly partners, and also relies heavily on channel partners to fulfill its sales.
Having examined the options trading patterns of Dell Technologies, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Present Market Standing of Dell Technologies</h3>
<ul>
<li>With a trading volume of 5,199,841, the price of DELL is down by -4.53%, reaching $118.2.</li>
<li>Current RSI values indicate that the stock is may be approaching oversold.</li>
<li>Next earnings report is scheduled for 79 days from now.</li>
</ul>
<h3>Expert Opinions on Dell Technologies</h3>
5 market experts have recently issued ratings for this stock, with a consensus target price of $153.8.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Morgan Stanley has decided to maintain their Overweight rating on Dell Technologies, which currently sits at a price target of $154. 
&#x2A; An analyst from Melius Research persists with their Buy rating on Dell Technologies, maintaining a target price of $155. 
&#x2A; Maintaining their stance, an analyst from Wells Fargo continues to hold a Overweight rating for Dell Technologies, targeting a price of $160. 
&#x2A; An analyst from Evercore ISI Group has revised its rating downward to Outperform, adjusting the price target to $150. 
&#x2A; Maintaining their stance, an analyst from Mizuho continues to hold a Outperform rating for Dell Technologies, targeting a price of $150. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Dell Technologies options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Spotlight on Dell Technologies: Analyzing the Surge in Options Activity

<figure class="wp-block-image aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="580" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/12/09213417/Top-Image-1024x580.jpg" alt="" class="wp-image-3926" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/12/09213417/Top-Image-1024x580.jpg 1024w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/12/09213417/Top-Image-300x170.jpg 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/12/09213417/Top-Image-768x435.jpg 768w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/12/09213417/Top-Image.jpg 1200w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
<h2 class="wp-block-heading">Overcoming A 44%+ Drop In A Top Stock</h2>
We&#8217;ve done well with Super Micro Computer (SMCI) recently, buying it at $21.86 last month (&#8220;<a href="https://www.benzinga.com/markets/24/11/42052075/turning-bullish-on-supermicro">Turning Bullish On Supermicro</a>&#8220;), and seeing the stock more than double since. 
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="955" height="1024" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/12/09213503/SMCI-Monday-955x1024.jpg" alt="" class="wp-image-3927" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/12/09213503/SMCI-Monday-955x1024.jpg 955w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/12/09213503/SMCI-Monday-280x300.jpg 280w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/12/09213503/SMCI-Monday-768x824.jpg 768w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/12/09213503/SMCI-Monday.jpg 1119w" sizes="(max-width: 955px) 100vw, 955px" /></figure>
But SMCI was in some of our hedged portfolios created six months ago, and it dropped more than 44% over that time frame.&nbsp;
Here&#8217;s a look at one of those portfolios, and how hedging and security selection enabled it to still smoke the S&amp;P 500.&nbsp;
<h2 class="wp-block-heading">Our Hedged Portfolio From June 6th, 2024</h2>
This was the hedged portfolio our system created on June 6th, for an investor with $3,000,000 to put to work who didn&#8217;t want to risk a decline of more than 30% over the next six months. Our system started by dividing the money in seven equal parts, and allocating it to&nbsp;Abercrombie &amp; Fitch Co.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANF#NYSE">ANF</a>),&nbsp;Century Aluminum Co.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CENX#NASDAQ">CENX</a>)&nbsp;Dell Technologies&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>),&nbsp;Comfort Systems USA, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FIX#NYSE">FIX</a>),&nbsp;Powell Industries, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/POWL#NASDAQ">POWL</a>), and&nbsp;Semtech Corp.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMTC#NASDAQ">SMTC</a>), in addition to&nbsp;Super Micro Computer Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>).&nbsp;
<figure class="wp-block-image aligncenter size-full"><img loading="lazy" decoding="async" width="700" height="538" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/12/09214000/1-Chart-.jpg" alt="" class="wp-image-3928" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/12/09214000/1-Chart-.jpg 700w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/12/09214000/1-Chart--300x231.jpg 300w" sizes="(max-width: 700px) 100vw, 700px" /></figure>
<figure class="wp-block-image aligncenter size-full"><img loading="lazy" decoding="async" width="700" height="646" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/12/09214220/2-Chart-1.jpg" alt="" class="wp-image-3930" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/12/09214220/2-Chart-1.jpg 700w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/12/09214220/2-Chart-1-300x277.jpg 300w" sizes="(max-width: 700px) 100vw, 700px" /></figure>
Screen captures via&nbsp;<a href="https://portfolioarmor.com/">Portfolio Armor</a>&nbsp;on 6/6/2024.
Next, it rounded down those seven dollar amounts to round lots of each of those names and their optimal hedges. Then it swept most of the leftover cash from that process into a tightly collared position in MicroStrategy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>). 
The dollar amount of the SMCI position (circled in red in the image above) at the start was $233,376 in underlying shares and $21,900 in puts for a total position value of $255,276. We&#8217;ll come back to that in a moment.&nbsp;
<h2 class="wp-block-heading">How That Portfolio Performed Over The Next 6 Months</h2>
Over the next six months, our portfolio was up 30.52%, net of hedging and trading costs, while the&nbsp;SPDR S&amp;P 500 Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) was up 14.4%. So it more than doubled the performance of the market, despite SMCI dropping 44%.&nbsp;
<figure class="wp-block-image aligncenter size-full"><img loading="lazy" decoding="async" width="700" height="545" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/12/09214404/1-Portfolio-.jpg" alt="" class="wp-image-3931" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/12/09214404/1-Portfolio-.jpg 700w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/12/09214404/1-Portfolio--300x234.jpg 300w" sizes="(max-width: 700px) 100vw, 700px" /></figure>
<figure class="wp-block-image aligncenter size-full"><img loading="lazy" decoding="async" width="700" height="282" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/12/09214442/2-Portfolio.jpg" alt="" class="wp-image-3932" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/12/09214442/2-Portfolio.jpg 700w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/12/09214442/2-Portfolio-300x121.jpg 300w" sizes="(max-width: 700px) 100vw, 700px" /></figure>
You can view an interactive version of the chart above <a href="https://portfolioarmor.com/front_tests/5769" target="_blank" rel="noreferrer noopener nofollow">here</a>.
You can see the ending value for the $SMCI plus its put hedge circled in red above: $202,155.30. Recall that the starting value for that position was&nbsp;$255,276. $202,155.30 represents a 20.8% drop from $255,276.&nbsp;
<h2 class="wp-block-heading">How This Portfolio Beat The Market Despite SMCI&#8217;s 44% Drop&nbsp;</h2>
We mentioned two reasons above: hedging and security selection. Both are true, but there&#8217;s a bit more to it.&nbsp;
<ul>
<li>Although SMCI dropped by 44%&#8211;and its hedge was designed to protect against a &gt;30% drop&#8211;it nevertheless limited the drawdown to 20.8%. That was due to the positive hedging error inherent in our hedging algorithm.&nbsp;</li>
<li>Security selection helped overall here in picking mostly winners. POWL, for example, was up more than 73% over that six-month period.&nbsp;</li>
<li>Concentration helped here too. Since there were only 8 underlying securities in the portfolio, the 73% gain in POWL had a big impact.&nbsp;</li>
<li>Finally, knowing when to hedge with optimal puts rather than optimal collars was key. Our system has an algorithm to determine that, and since it hedged POWL with puts, we captured nearly all of its upside.&nbsp;</li>
</ul>
You can use our system to create hedged portfolios for dollar amounts as small as $30,000&#8211;you just need to enter the dollar amount you want to invest and largest drawdown you&#8217;re willing to risk, and our system does the rest.&nbsp;
<h2 class="wp-block-heading">If You Just Want To Hedge What You Already Have</h2>
If you are concerned about downside risk, as a reminder, you can download our iPhone hedging app by aiming your iPhone camera at the QR code below (or by&nbsp;<a href="https://apps.apple.com/us/app/portfolio-armor/id394951144">tapping here</a>, if you&#8217;re reading this on your phone).&nbsp;
<figure class="wp-block-image size-full"><a href="https://apps.apple.com/us/app/portfolio-armor/id394951144"><img loading="lazy" decoding="async" width="200" height="197" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/12/09215017/QR-Code-2.jpg" alt="" class="wp-image-3933" /></a></figure>
And if you would like a heads up next time we place an aggressive trade, like our recent winner on QIFU Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QFIN#NASDAQ">QFIN</a>) 
<ol>
<li>Calls on QIFU Technologies ( QFIN 2.17%↑). Bought at $2.15 on 10/1/2024; sold (half) at $6.45 on 12/9/2024. Profit: 200%.</li>
</ol>
You can subscribe to our trading Substack/occasional email list below.&nbsp;

If you&#8217;d like to stay in touch
You can scan for optimal hedges, find our current top ten names, and&nbsp;create hedged portfolios&nbsp;on&nbsp;<a href="https://portfolioarmor.com/">our website</a>.&nbsp;You can also follow Portfolio Armor on X&nbsp;<a href="https://twitter.com/portfolioarmor">here</a>. Or become a free subscriber to our trading Substack using the link below (we&#8217;re using that for our occasional emails now).
<figure class="wp-block-image aligncenter size-full"><a href="https://portfolioarmor.substack.com/"><img loading="lazy" decoding="async" width="602" height="418" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/12/09215518/Widget-2.jpg" alt="" class="wp-image-3934" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/12/09215518/Widget-2.jpg 602w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/12/09215518/Widget-2-300x208.jpg 300w" sizes="(max-width: 602px) 100vw, 602px" /></a></figure>

CENX

POWL

QFIN

SMTC

How To Beat The Market When One Of Your Top Stocks Drops 44%

<ul>
<li>CoreWeave signs strategic agreement with Dell to support next generation AI innovation</li>
<li>CoreWeave integrates its Cloud Services Platform with the Dell AI Factory with NVIDIA, providing enterprises access to the latest AI infrastructure and services</li>
<li>First Dell PowerEdge XE9712 liquid-cooled racks shipped with NVIDIA GB200 NVL72 mark a significant milestone for AI development</li>
<li>Fully integrated and validated Dell Integrated Racks with Dell Professional Services are expected to speed time to implementation for CoreWeave</li>
<li>Agreement supports CoreWeave's market position as the AI Hyperscaler with a set of full-stack cloud services that are purpose-built for serving some of the world's most complex AI workloads</li>
</ul>
ROUND ROCK, Texas, Dec. 9, 2024 /PRNewswire/ -- Dell Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) is expanding its strategic relationship with AI hyperscaler, CoreWeave, as the first to ship <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4320498-1&amp;h=2165139786&amp;u=https%3A%2F%2Fwww.dell.com%2Fen-us%2Fdt%2Fcorporate%2Fnewsroom%2Fannouncements%2Fdetailpage.press-releases%7Eusa%7E2024%7E10%7Edell-servers-storage-at-ocp.htm%3Fmsockid%3D21c53cb9519a62bc2d3d2863504e6310%23%2Ffilter-on%2FCountry%3Aen-us&amp;a=Dell+PowerEdge+XE9712">Dell PowerEdge XE9712</a>&nbsp;server racks with <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4320498-1&amp;h=371507611&amp;u=https%3A%2F%2Fwww.nvidia.com%2Fen-us%2Fdata-center%2Fgb200-nvl72%2F&amp;a=NVIDIA+GB200+NVL72">NVIDIA GB200 NVL72</a>&nbsp;to support CoreWeave's Cloud Services Platform. CoreWeave will receive1 liquid-cooled, fully-integrated <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4320498-1&amp;h=131272770&amp;u=https%3A%2F%2Fwww.dell.com%2Fen-us%2Fdt%2Fcorporate%2Fnewsroom%2Fannouncements%2Fdetailpage.press-releases%7Eusa%7E2024%7E10%7Edell-servers-storage-at-ocp.htm%23%2Ffilter-on%2FCountry%3Aen-us&amp;a=Dell+IR7000">Dell IR7000</a> racks with Dell&nbsp;PowerEdge XE9712 servers, supported by Dell's AI professional services to optimize CoreWeave's data center design.

CoreWeave Signs Strategic Agreement With Dell To Support Next Generation AI Innovation, Coreweave Will Receive Liquid-Cooled, Fully-Integrated Dell IR7000 Racks With Dell PowerEdge XE9712 Servers, Supported By Dell's AI Professional Services To Optimize CoreWeave's Data Center Design

Financial giants have made a conspicuous bearish move on Dell Technologies. Our analysis of options history for Dell Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) revealed 26 unusual trades.
Delving into the details, we found 38% of traders were bullish, while 46% showed bearish tendencies. Out of all the trades we spotted, 6 were puts, with a value of $313,730, and 20 were calls, valued at $971,184.
<h3>Predicted Price Range</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $100.0 to $165.0 for Dell Technologies over the recent three months. 
<h3>Insights into Volume &amp; Open Interest</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Dell Technologies's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Dell Technologies's whale trades within a strike price range from $100.0 to $165.0 in the last 30 days. 
<h3>Dell Technologies Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1733507145_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>DELL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$10.5</td>
<td>$10.25</td>
<td>$10.5</td>
<td>$135.00</td>
<td>$105.0K</td>
<td>2.2K</td>
<td align="right">0</td>
</tr>
<tr>
<td>DELL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$6.4</td>
<td>$6.25</td>
<td>$6.3</td>
<td>$125.00</td>
<td>$95.1K</td>
<td>4.4K</td>
<td align="right">195</td>
</tr>
<tr>
<td>DELL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/16/25</td>
<td>$3.25</td>
<td>$3.15</td>
<td>$3.15</td>
<td>$165.00</td>
<td>$87.9K</td>
<td>6</td>
<td align="right">279</td>
</tr>
<tr>
<td>DELL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$1.77</td>
<td>$1.48</td>
<td>$1.7</td>
<td>$130.00</td>
<td>$80.7K</td>
<td>6.3K</td>
<td align="right">966</td>
</tr>
<tr>
<td>DELL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$23.8</td>
<td>$23.6</td>
<td>$23.8</td>
<td>$125.00</td>
<td>$73.7K</td>
<td>626</td>
<td align="right">31</td>
</tr>
</tbody>
</table>

<h3>About Dell Technologies</h3>
Dell Technologies is a broad information technology vendor, primarily supplying hardware to enterprises. It is focused on premium and commercial personal computers and enterprise on-premises data center hardware. It holds top-three market shares in its core markets of personal computers, peripheral displays, mainstream servers, and external storage. Dell has a robust ecosystem of component and assembly partners, and also relies heavily on channel partners to fulfill its sales.
Having examined the options trading patterns of Dell Technologies, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Present Market Standing of Dell Technologies</h3>
<ul>
<li>With a trading volume of 4,051,252, the price of DELL is down by -0.95%, reaching $123.89.</li>
<li>Current RSI values indicate that the stock is is currently neutral between overbought and oversold.</li>
<li>Next earnings report is scheduled for 83 days from now.</li>
</ul>
<h3>What The Experts Say On Dell Technologies</h3>
In the last month, 5 experts released ratings on this stock with an average target price of $143.4.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; In a cautious move, an analyst from Evercore ISI Group downgraded its rating to Outperform, setting a price target of $150. 
&#x2A; Consistent in their evaluation, an analyst from Wells Fargo keeps a Overweight rating on Dell Technologies with a target price of $160. 
&#x2A; Consistent in their evaluation, an analyst from Barclays keeps a Equal-Weight rating on Dell Technologies with a target price of $115. 
&#x2A; An analyst from Deutsche Bank persists with their Buy rating on Dell Technologies, maintaining a target price of $142. 
&#x2A; Maintaining their stance, an analyst from Mizuho continues to hold a Outperform rating for Dell Technologies, targeting a price of $150. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Dell Technologies, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Decoding Dell Technologies's Options Activity: What's the Big Picture?

Deep-pocketed investors have adopted a bullish approach towards Dell Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in DELL usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 12 extraordinary options activities for Dell Technologies. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 58% leaning bullish and 33% bearish. Among these notable options, 2 are puts, totaling $101,853, and 10 are calls, amounting to $829,454.
<h3>Predicted Price Range</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $105.0 to $135.0 for Dell Technologies over the last 3 months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Dell Technologies's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Dell Technologies's whale trades within a strike price range from $105.0 to $135.0 in the last 30 days. 
<h3>Dell Technologies 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1733239885_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>DELL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$9.15</td>
<td>$8.8</td>
<td>$9.15</td>
<td>$125.00</td>
<td>$215.0K</td>
<td>1.4K</td>
<td align="right">406</td>
</tr>
<tr>
<td>DELL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$9.0</td>
<td>$8.8</td>
<td>$9.0</td>
<td>$125.00</td>
<td>$123.3K</td>
<td>1.4K</td>
<td align="right">817</td>
</tr>
<tr>
<td>DELL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$9.05</td>
<td>$8.9</td>
<td>$9.0</td>
<td>$125.00</td>
<td>$110.3K</td>
<td>1.4K</td>
<td align="right">678</td>
</tr>
<tr>
<td>DELL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/15/27</td>
<td>$35.6</td>
<td>$35.25</td>
<td>$35.6</td>
<td>$120.00</td>
<td>$106.8K</td>
<td>1.2K</td>
<td align="right">30</td>
</tr>
<tr>
<td>DELL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$4.35</td>
<td>$4.1</td>
<td>$4.1</td>
<td>$125.00</td>
<td>$82.0K</td>
<td>5.2K</td>
<td align="right">213</td>
</tr>
</tbody>
</table>

<h3>About Dell Technologies</h3>
Dell Technologies is a broad information technology vendor, primarily supplying hardware to enterprises. It is focused on premium and commercial personal computers and enterprise on-premises data center hardware. It holds top-three market shares in its core markets of personal computers, peripheral displays, mainstream servers, and external storage. Dell has a robust ecosystem of component and assembly partners, and also relies heavily on channel partners to fulfill its sales.
<h3>Dell Technologies's Current Market Status</h3>
<ul>
<li>With a trading volume of 1,477,269, the price of DELL is down by -0.73%, reaching $124.92.</li>
<li>Current RSI values indicate that the stock is is currently neutral between overbought and oversold.</li>
<li>Next earnings report is scheduled for 86 days from now.</li>
</ul>
<h3>What Analysts Are Saying About Dell Technologies</h3>
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $144.6.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Citigroup persists with their Buy rating on Dell Technologies, maintaining a target price of $156. 
&#x2A; Consistent in their evaluation, an analyst from Barclays keeps a Equal-Weight rating on Dell Technologies with a target price of $115. 
&#x2A; An analyst from Wells Fargo persists with their Overweight rating on Dell Technologies, maintaining a target price of $160. 
&#x2A; Maintaining their stance, an analyst from Deutsche Bank continues to hold a Buy rating for Dell Technologies, targeting a price of $142. 
&#x2A; An analyst from Evercore ISI Group downgraded its action to Outperform with a price target of $150. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Dell Technologies, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Smart Money Is Betting Big In DELL Options

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>JP Morgan raised the price target for Affirm Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFRM#NASDAQ">AFRM</a>) from $56 to $74. JP Morgan analyst Reginald Smith maintained an Overweight rating. Affirm shares closed at $70.01 on Friday. <a href="https://www.benzinga.com/quote/AFRM/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Tigress Financial boosted the price target for T-Mobile US, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMUS#NASDAQ">TMUS</a>) from $235 to $280. Tigress Financial analyst Ivan Feinseth maintained a Buy rating. Kohl&#8217;s shares closed at $246.94 on Friday. <a href="https://www.benzinga.com/quote/TMUS/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Barrington Research boosted HealthEquity, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HQY#NASDAQ">HQY</a>) price target from $105 to $120. Barrington Research analyst Alexander Paris maintained an Outperform rating. HealthEquity shares settled at $101.54 on Friday. <a href="https://www.benzinga.com/quote/HQY/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Loop Capital boosted Emerson Electric Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EMR#NYSE">EMR</a>) price target from $130 to $155. Loop Capital analyst Chris Dankert maintained a Buy rating. Emerson Electric shares closed at $132.60 on Friday. <a href="https://www.benzinga.com/quote/EMR/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Evercore ISI Group raised Netflix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) price target from $775 to $950. Evercore ISI Group analyst Mark Mahaney maintained an Outperform rating. Netflix shares closed at $886.81 on Friday.  <a href="https://www.benzinga.com/quote/NFLX/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Deutsche Bank boosted Flywire Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLYW#NASDAQ">FLYW</a>) price target from $23 to $26. Deutsche Bank analyst Nate Svensson maintained a Buy rating on the stock. Flywire shares closed at $22.71 on Friday. See how other analysts view this stock.</li>
<li>UBS cut the price target for Applied Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APLT#NASDAQ">APLT</a>) from $13 to $2. UBS analyst Esther Rajavelu downgraded the stock from Buy to Neutral. Applied Therapeutics shares settled at $2.03 on Friday. <a href="https://www.benzinga.com/quote/APLT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>B of A Securities boosted Citigroup Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>) price target from $78 to $90. B of A Securities analyst Ebrahim Poonawala maintained a Buy rating. Citigroup shares closed at $70.87 on Friday. <a href="https://www.benzinga.com/quote/C/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Bernstein increased the price target for Block, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQ#NYSE">SQ</a>) from $90 to $120. Bernstein analyst Harshita Rawat maintained an Outperform rating. Block shares closed at $88.55 on Friday. <a href="https://www.benzinga.com/quote/SQ/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Deutsche Bank cut Dell Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) price target from $144 to $142. Deutsche Bank analyst Sidney Ho maintained a Buy rating. Dell shares closed at $127.59 on Friday. <a href="https://www.benzinga.com/quote/DELL/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
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Netflix To Rally More Than 7%? Here Are 10 Top Analyst Forecasts For Monday

Deutsche Bank analyst Sidney Ho maintains Dell Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) with a Buy and lowers the price target from $144 to $142.

Deutsche Bank Maintains Buy on Dell Technologies, Lowers Price Target to $142

These eleven large-cap stocks were the worst performers in the last week. Are they in your portfolio?
<ol>
<li>Symbotic Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SYM#NASDAQ">SYM</a>) shares tumbled 25.83% after the company cut its <a href="https://www.benzinga.com//node/42213634" target="_blank" rel="noreferrer noopener">first-quarter FY25 revenue outlook</a> and analysts cut <a href="https://www.benzinga.com/quote/sym/analyst-ratings" target="_blank" rel="noreferrer noopener">the price forecast on the stock</a>.</li>
<li>Grab Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRAB#NASDAQ">GRAB</a>) shares dipped 11.82% after analysts downgraded or <a href="https://www.benzinga.com/quote/grab/analyst-ratings" target="_blank" rel="noreferrer noopener">cut the price forecast on the stock</a>.</li>
<li>Reddit, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>) stock declined 10.97%. The company said it is accelerating its global expansion, focusing on international markets such as India and Brazil to drive<a href="https://www.benzinga.com//node/42221015" target="_blank" rel="noreferrer noopener"> user growth and unlock advertising opportunities</a>.</li>
<li>Banco Bradesco (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBD#NYSE">BBD</a>) shares dived 10.88%. JP Morgan analyst Domingos Falavina downgraded the <a href="https://www.benzinga.com/quote/bbd/analyst-ratings" target="_blank" rel="noreferrer noopener">company from Overweight to Neutral</a>.</li>
<li>H World Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTHT#NASDAQ">HTHT</a>) stock plummeted 10.44%  after the company reported <a href="https://www.benzinga.com//node/42197824" target="_blank" rel="noreferrer noopener">worse-than-expected financial results</a>.</li>
<li>Vertiv Holdings, LLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VRT#NYSE">VRT</a>) stock decreased 9.82%.</li>
<li>Itau Unibanco Banco Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ITUB#NYSE">ITUB</a>) shares fell 8.53%.</li>
<li>Sabesp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SBS#NYSE">SBS</a>) shares were down 8.40% last week.</li>
<li>Dell Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) shares fell 8.16% after the company reported third-quarter results, and several analysts revised their <a href="https://www.benzinga.com//node/42221770" target="_blank" rel="noreferrer noopener">forecasts for the stock</a>.</li>
<li>Nutanix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTNX#NASDAQ">NTNX</a>) stock lost 7.98% last week after the company reported better-than-expected Q1 financial results. However, the company&#8217;s Q1 <a href="https://www.benzinga.com//node/42221971" target="_blank" rel="noreferrer noopener">performance was offset by slowing ARR</a>. Several analysts revised price forecasts on the stock.</li>
<li>Autodesk Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADSK#NASDAQ">ADSK</a>) stock dipped 7.98% after it reported third-quarter financial results, and analysts revised <a href="https://www.benzinga.com//node/42218196" target="_blank" rel="noreferrer noopener">their price target on the stock</a>.</li>
</ol>
Image via Shutterstock
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<li><a href="https://www.benzinga.com/news/large-cap/24/12/42256613/rivian-automotive-rocket-lab-and-moderna-are-among-top-10-large-cap-gainers-last-week-nov-25-nov-29-are-the-others-in-your-portfolio" target="_blank" rel="noreferrer noopener">Rivian Automotive, Rocket Lab And Moderna Are Among Top 10 Large-Cap Gainers Last Week (Nov 25-Nov 29): Are The Others In Your Portfolio?</a></li>
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Reddit, Grab And Autodesk Are Among Top 11 Large-Cap Losers Last Week (Nov 25-Nov 29): Are The Others In Your Portfolio?

Black Friday, known for its enticing discounts on the latest technology, may not always deliver the bargains shoppers expect. A recent study by KnownHost revealed that nearly a third of these <a href="https://www.benzinga.com/news/retail-sales/24/11/42220200/black-friday-discounts-too-good-to-be-true-survey-shows-only-42-of-sales-are-authentic" target="_blank" rel="noreferrer noopener">"deals" aren't genuine savings at al</a>l.
Earnings
HP Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>) reported fourth-quarter earnings of 93 cents per share, in line with the analyst consensus estimate. Quarterly revenue came in $14.05 billion, which beat the <a target="_blank" href="https://www.benzinga.com/news/earnings/24/11/42203410/hp-stock-drops-after-q4-results-weak-forward-guidance-details" rel="noreferrer noopener">analyst consensus estimate of $13.99 billion</a>.
Dell Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) reported third-quarter earnings of $2.15 per share, which beat the analyst consensus estimate of $2.05. Quarterly revenue came in at $24.37 billion, which missed <a target="_blank" href="https://www.benzinga.com/news/earnings/24/11/42201885/dell-technologies-shares-drop-after-q3-revenue-misses-estimates-details" rel="noreferrer noopener">the consensus estimate of $24.65 billion</a>.
Gaming
Sony Group Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SONY#NYSE">SONY</a>) unveiled December PS Plus games, including It Takes Two, Aliens: Dark Descent, and TemTem, <a target="_blank" href="https://www.benzinga.com/24/11/42222962/ps-plus-december-lineup-new-games-exclusive-trials-30th-anniversary-surprises" rel="noreferrer noopener">available from Dec. 3 to Jan. 6</a>.
Sony is reportedly preparing to introduce black versions of its DualSense Edge controller, Pulse Elite wireless headphones and, <a target="_blank" href="https://www.benzinga.com/general/gaming/24/11/42172580/black-playstation-accessories-may-appear-ahead-of-holiday-season-dealabs" rel="noreferrer noopener">Pulse Explore&nbsp;wireless earbuds</a>.
Ubisoft Montreal is reportedly developing a social simulation game codenamed Alterra, blending elements inspired by Nintendo ADR‘s (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NTDOY#OTC">NTDOY</a>) <a href="https://www.benzinga.com/general/gaming/24/11/42222155/animal-crossing-meets-minecraft-in-ubisofts-upcoming-game-report">Animal Crossing</a> and Microsoft Corporation&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) Minecraft.
Nintendo settled one of the longest-running debates among The Legend of Zelda fans by confirming where Echoes of Wisdom fits in <a href="https://www.benzinga.com/24/11/42195150/nintendo-confirms-where-echoes-of-wisdom-falls-in-the-zelda-timeline" target="_blank" rel="noreferrer noopener">the franchise&#8217;s intricate timeline</a>.
Activision says its Ricochet anti-cheat team has banned 19K accounts from Call of Duty: Black Ops 6 <a href="https://www.benzinga.com/general/gaming/24/11/42198567/19000-bans-and-counting-but-players-say-cheating-still-dominates-call-of-duty-black-ops-6" target="_blank" rel="noreferrer noopener">ranked play since Nov. 21 launch</a>.
CD Projekt SA (OTC:<a class="ticker" href="https://www.benzinga.com/stock/OTGLY#OTC">OTGLY</a>) announced that Project Polaris, the first installment in a new Witcher trilogy, has transitioned <a target="_blank" href="https://www.benzinga.com/general/gaming/24/11/42199470/project-polaris-hits-full-scale-production-whats-next-for-the-witcher-and-cd-projekt" rel="noreferrer noopener">from preproduction to&nbsp;full-scale production</a>.
Technology
The U.S. government reportedly plans to reduce&nbsp;Intel Corporation&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) <a target="_blank" href="https://www.benzinga.com/markets/24/11/42185698/qualcomms-interest-in-taking-over-intel-wanes-due-to-complexities-involved-report" rel="noreferrer noopener">$8.5 billion federal chips grant</a>.
Russian-linked hacking group RomCom has exploited vulnerabilities in Mozilla Firefox and Microsoft&#8216;s Windows to target users <a href="https://www.benzinga.com/24/11/42208148/russian-hackers-launch-widespread-cyber-assault-using-firefox-and-windows-zero-days-what-you-need-to-know-about-the-romcom-exploit" target="_blank" rel="noreferrer noopener">across Europe and North America</a>.
Telegram&nbsp;has reported significant financial growth in the first half of 2024, with revenue reaching $525 million, driven by strong performance in cryptocurrency holdings. This is despite ongoing <a target="_blank" href="https://www.benzinga.com/24/11/42180964/telegrams-crypto-boom-shields-business-amid-founder-pavel-durovs-legal-troubles-revenue-soars-to-525m-in-2024" rel="noreferrer noopener">legal challenges facing its CEO,&nbsp;</a><a target="_blank" href="https://www.benzinga.com/24/11/42180964/telegrams-crypto-boom-shields-business-amid-founder-pavel-durovs-legal-troubles-revenue-soars-to-525m-in-2024" rel="noreferrer noopener">Pavel Durov</a>.
Smartphone
Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) is reportedly changing its approach to software updates. The tech giant appears to be opting for staggered rollouts of new features instead of bundling <a target="_blank" href="https://www.benzinga.com/24/11/42183616/apple-could-delay-key-ios-19-features-plans-shifting-to-staggered-rollouts-with-2026-siri-overhaul-and-more" rel="noreferrer noopener">everything into annual iOS releases</a>.
Apple unveiled its&nbsp;Black Friday 2024&nbsp;promotion, running from Nov. 29 to Dec. 2, offering customers gift cards with the purchase of eligible <a target="_blank" href="https://www.benzinga.com/24/11/42155932/apple-black-friday-2024-get-up-to-200-in-gift-cards-on-iphones-macs-airpods-and-more-heres-everything-you-need-to-know" rel="noreferrer noopener">products instead of direct discounts</a>.
Xiaomi Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/XIACF#OTC">XIACF</a>) is set to launch its own mobile processor for future smartphones, aiming to lessen its dependency on foreign suppliers like&nbsp;Qualcomm Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) <a target="_blank" href="https://www.benzinga.com/tech/24/11/42190353/xiaomi-set-to-challenge-qualcomm-mediatek-as-it-ventures-into-chipmaking-once-again" rel="noreferrer noopener">and&nbsp;</a><a target="_blank" href="https://www.benzinga.com/tech/24/11/42190353/xiaomi-set-to-challenge-qualcomm-mediatek-as-it-ventures-into-chipmaking-once-again" rel="noreferrer noopener">MediaTek Inc</a><a target="_blank" href="https://www.benzinga.com/tech/24/11/42190353/xiaomi-set-to-challenge-qualcomm-mediatek-as-it-ventures-into-chipmaking-once-again" rel="noreferrer noopener">.&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/MDTKF#OTC">MDTKF</a>)</a>.
China&#8217;s&nbsp;Huawei Technologies will replace&nbsp;Google&#8217;s Android&nbsp;with its in-house developed operating system in smartphones <a target="_blank" href="https://www.benzinga.com/media/24/11/42207001/apples-premium-phone-reign-in-china-meets-challenger-in-huaweis-mate-70-as-new-smartphone-breaks-free-from-googles-grip" rel="noreferrer noopener">and tablets starting next year</a>.
Elon Musk
Elon Musk-led&nbsp;SpaceX has obtained a commercial license from the&nbsp;Federal Communications Commission (FCC) for its&nbsp;Starlink Direct-to-Cell service. This marks a pivotal step in expanding the reach of <a target="_blank" href="https://www.benzinga.com/general/space/24/11/42208569/spacexs-starlink-direct-to-cell-service-gets-commercial-license-from-fcc-heres-what-it-means" rel="noreferrer noopener">satellite-based mobile connectivity</a>.
Elon Musk‘s company,&nbsp;Neuralink, is set to initiate a new feasibility trial involving its innovative brain implant technology and a robotic arm. This trial aims to explore the safety and effectiveness of Neuralink's&nbsp;wireless <a target="_blank" href="https://www.benzinga.com/tech/24/11/42181583/elon-musks-neuralink-to-launch-new-feasibility-trial-with-brain-implant-and-robotic-arm" rel="noreferrer noopener">brain-computer interface and surgical&nbsp;robot</a>.
Artificial Intelligence (AI)
Tesla&nbsp;and&nbsp;SpaceX&nbsp;CEO&nbsp;Elon Musk&nbsp;has announced that his artificial intelligence startup,&nbsp;xAI, will <a target="_blank" href="https://www.benzinga.com/general/gaming/24/11/42229052/elon-musks-xai-plans-to-make-games-great-again-with-ai-driven-game-studio-can-his-vision-reshape-a-gaming-industry-dominated-by-large-corporations" rel="noreferrer noopener">start an AI-driven game studio</a>.&nbsp;
ChatGPT-maker&nbsp;OpenAI&#8217;s&nbsp;unreleased&nbsp;Sora&nbsp;text-to-video AI model has reportedly been leaked by a group of beta testers <a target="_blank" href="https://www.benzinga.com/24/11/42206104/openais-sora-video-model-leak-exposes-deep-rift-with-artists-unpaid-rd-pr-puppets-and-content-approval-fury-what-you-need-to-know" rel="noreferrer noopener">protesting its handling of artists</a>.
Salesforce, Inc.&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) CEO&nbsp;Marc Benioff&nbsp;has warned that the world is reaching the "upper limits" of large language <a target="_blank" href="https://www.benzinga.com/24/11/42156373/marc-benioff-warns-were-near-the-upper-limits-of-llms-the-future-of-ai-lies-in-autonomous-agents-not-bots-like-chatgpt" rel="noreferrer noopener">models (LLMs) like&nbsp;</a><a target="_blank" href="https://www.benzinga.com/24/11/42156373/marc-benioff-warns-were-near-the-upper-limits-of-llms-the-future-of-ai-lies-in-autonomous-agents-not-bots-like-chatgpt" rel="noreferrer noopener">OpenAI&#8217;s ChatGPT</a>.

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Consumer Tech News (Nov 25-Nov 29): Sony Brings December PS Plus Games, Elon Musk Initiating Trial On Brain Implant Tech & More

Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), HP Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>), and Dell Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) are ramping up their production of electronic components in China. This comes as they prepare for <a href="https://www.benzinga.com/24/11/42178994/trump-says-he-will-impose-25-tariffs-on-canada-mexico-on-first-day-of-office-and-extra-tariffs-on-china-until-they-pay-attention">potential tariff hikes on Chinese imports</a> as President-elect Donald Trump is set to return to the White House in January.
What Happened: These tech giants are accelerating their production efforts in China.&nbsp;Microsoft&nbsp;is pushing suppliers to boost output&nbsp;for its cloud server infrastructure&nbsp;while moving Xbox console assembly out of China. The company also plans to produce as many&nbsp;Surface laptops as possible outside&nbsp;China by the end of&nbsp;next year, Nikkei Asia&nbsp;<a href="https://asia.nikkei.com/Spotlight/Supply-Chain/Microsoft-HP-and-Dell-ramp-up-China-parts-output-before-Trump-s-return">reported</a> on Thursday.
Meanwhile,&nbsp;HP&nbsp;and&nbsp;Dell&nbsp;are urging suppliers to increase parts production this month and next, revisiting their procurement strategies for 2025 to lessen dependency on Chinese-made components. The increased output aims to enhance production in regions not affected by U.S. tariffs, such as Southeast Asia. Suppliers are expanding production capacity and establishing warehouses in Thailand to support&nbsp;HP&#8217;s needs.
Dell&nbsp;is also considering production options outside Vietnam to mitigate geopolitical risks. The tech supply chain is preparing for disruptions, with companies like&nbsp;Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>)&nbsp;increasing iPhone production in India.
See Also:&nbsp;<a href="https://www.benzinga.com/24/11/42156817/tesla-rivian-settle-battery-tech-theft-dispute-after-nearly-4-years?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla, Rivian Signal End To 4-Year Legal Battle Over Alleged Trade Secrets Theft</a>
Why It Matters: The decision by these tech companies to ramp up production in China comes amid rising fears of a renewed trade war between the U.S. and China. Recently, President-elect Trump named&nbsp;Jamieson Greer, known for his <a href="https://www.benzinga.com/24/11/42219544/trump-names-china-hawk-jamieson-greer-as-pick-for-trade-representative">tough stance on China,</a> as his pick for U.S. Trade Representative. 
Furthermore, China&#8217;s state media <a href="https://www.benzinga.com/news/global/24/11/42230125/chinas-state-media-commends-apple-tesla-starbucks-for-collaboration-amid-renewed-trade-war-tensions">praised American companies</a> like Apple, Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), and Starbucks Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>) for their collaboration with Chinese partners, urging U.S. policymakers to consider the willingness of American businesses to engage in economic cooperation.
This praise coincides with Trump&#8217;s announcement of a <a href="https://www.benzinga.com/government/regulations/24/11/42213610/hasbro-best-buy-brace-as-trumps-tariffs-loom-could-retail-margins-hit-rock-bottom">10% tariff on Chinese goods</a>, aimed at addressing the opioid crisis in the U.S., highlighting the complex dynamics at play in U.S.-China trade relations.
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Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Image via Shutterstock

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Microsoft, HP, Dell Race To Ramp Up Production In China As Trump's Tariff Threat Looms Ahead Of His White House Return

<h3>Gainers</h3>
<ul>
<li>Unusual Machines (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/UMAC#AMEX">UMAC</a>) stock increased by 93.5% to $10.37 during Wednesday's pre-market session. The market value of their outstanding shares is at $86.0 million. </li>
<li>T Stamp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IDAI#NASDAQ">IDAI</a>) stock moved upwards by 87.91% to $0.69. The company's market cap stands at $15.8 million. </li>
<li>Quantum (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QMCO#NASDAQ">QMCO</a>) stock moved upwards by 31.8% to $22.71. The company's market cap stands at $110.1 million. </li>
<li>Infobird Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IFBD#NASDAQ">IFBD</a>) shares moved upwards by 28.57% to $2.34. The company's market cap stands at $4.6 million. </li>
<li>Ambarella (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMBA#NASDAQ">AMBA</a>) stock rose 16.95% to $80.01. The market value of their outstanding shares is at $3.2 billion. As per the news, the Q3 earnings report came out yesterday. </li>
<li>Castellum (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/CTM#AMEX">CTM</a>) shares increased by 13.09% to $0.19. The company's market cap stands at $10.6 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>NOVONIX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVX#NASDAQ">NVX</a>) shares declined by 23.1% to $2.07 during Wednesday's pre-market session. The market value of their outstanding shares is at $255.5 million. </li>
<li>ZenaTech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZENA#NASDAQ">ZENA</a>) stock fell 15.44% to $8.71. The company's market cap stands at $153.8 million. </li>
<li>Dell Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) shares fell 12.45% to $124.1. The market value of their outstanding shares is at $87.1 billion. As per the press release, Q3 earnings came out yesterday. </li>
<li>Workday (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDAY#NASDAQ">WDAY</a>) shares decreased by 12.29% to $237.0. The company's market cap stands at $62.8 billion. The company's, Q3 earnings came out yesterday. </li>
<li>Zepp Health (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZEPP#NYSE">ZEPP</a>) stock decreased by 9.46% to $2.68. The company's market cap stands at $160.7 million. </li>
<li>Toyo Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TOYO#NASDAQ">TOYO</a>) stock decreased by 8.69% to $4.94. The market value of their outstanding shares is at $219.0 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Information Technology Stocks Moving In Wednesday's Pre-Market Session

Dell Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) reported better-than-expected earnings for its third quarter, while sales missed estimates.
The company reported quarterly earnings of $2.15 per share, which beat the analyst consensus estimate of $2.05. Quarterly revenue came in at $24.37 billion, which missed the consensus estimate of $24.65 billion and is an increase over revenue of $22.25 billion from the same period last year.
"We continued to build on our AI leadership and momentum, delivering combined ISG and CSG revenue of $23.5 billion, up 13% year over year," said Yvonne McGill, CFO of Dell Technologies. "Our continued focus on profitability resulted in EPS growth that outpaced revenue growth, and we again delivered strong cash performance."
Dell shares fell 11.9% to trade at $124.82 on Wednesday.
These analysts made changes to their price targets on Dell following earnings announcement.
<ul>
<li>Barclays analyst Tim Long maintained Dell with an Equal-Weight and raised the price target from $106 to $115.</li>
<li>Citigroup analyst Asiya Merchant maintained the stock with a Buy and lowered the price target from $160 to $156.</li>
<li>Mizuho analyst Vijay Rakesh maintained Dell with an Outperform and cut the price target from $155 to $150.</li>
<li>Melius Research analyst Ben Reitzes maintained Dell Technologies with a Buy and increased the price target from $140 to $155.</li>
</ul>
Considering buying DELL stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="493" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/27135106/image-299-1024x493.png" alt="" class="wp-image-668067" style="width:592px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/27135106/image-299-1024x493.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/27135106/image-299-300x144.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/27135106/image-299-768x369.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/27135106/image-299.png 1085w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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Earnings

These Analysts Revise Their Forecasts On Dell After Q3 Results

Global markets faced turbulence by midday Wednesday as an unwinding of yen-dollar carry trades drove sharp losses in U.S. equities, with the tech-heavy Nasdaq 100 falling <a href="https://www.benzinga.com/markets">1.2% in intraday trading.</a>
Rising expectations that the Bank of Japan may raise interest rates in December pushed the dollar-yen pair down by 1.5%, marking its steepest drop since late September. This triggered a wave of &#8220;risk-off&#8221; sentiment, pressuring major indices.
The S&amp;P 500 dipped 0.5% by midday, on track to snap a seven-day winning streak, while small caps in the Russell 2000 remained relatively steady. Treasury yields fell significantly as fresh economic data failed to stoke concerns about an imminent change in the Federal Reserve's interest rate path.
The U.S. economy expanded at an annualized 2.8% in the third quarter, according to a second estimate that matched earlier print. October's Personal Consumption Expenditures (PCE) price index, the Fed&#8217;s preferred inflation gauge, also came in line with forecasts, <a href="https://www.benzinga.com/news/global/24/11/42220106/dollar-treasury-yields-stocks-fall-in-tandem-after-october-inflation-uptick">showing a modest uptick.</a>
Traders continue to bet on easier monetary policy, with Fed funds futures pricing in a 70% probability of a 25-basis-point rate cut at the Dec. 18 meeting.
In commodities market, gold inched up by 0.2%, while oil prices fell by 1% to $68 a barrel, heading for a three-day decline. Natural gas plummeted 7%, amid less cold weather forecasts reducing the outlook for heating demand.
Meanwhile, cryptocurrencies reversed their recent losing streak. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) rallied nearly 5% to above $96,000, while Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) surged more than 7%, hitting price levels last seen in late June 2024.
<h1 class="wp-block-heading">Wednesday&#8217;s Performance In Major U.S. Indices, ETFs</h1>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>Chg %</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,424.01</td>
<td>0.0%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>44,747.65</td>
<td>-0.3%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,994.06</td>
<td>-0.5%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>20,682.38</td>
<td>-1.2%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 1:00 p.m. EST</figcaption></figure>
According to&nbsp;<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent112524&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) edged 0.4% lower to $598.35.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;eased 0.2% to $448.13.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) fell 1.1% to $503.71.</li>
<li>The&nbsp;iShares Russell 2000 ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) inched 0.1% up to $241.01.</li>
<li>The&nbsp;Real Estate Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLRE#NYSE">XLRE</a>) outperformed, rising 1%. The&nbsp;Technology Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) lagged, down 1.9%.</li>
</ul>
<h1 class="wp-block-heading">Wednesday&#8217;s Stock Movers</h1>
<ul>
<li>Semiconductor stocks, as tracked by the iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>), witnessed broad-based declines amid rising trade tensions between U.S. and China following Donald Trump&#8217;s pledge to raise tariffs. Micron Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), Marvell Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) and Arm Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>) were among the weakest performers, with drops of about 4.4%.</li>
<li>Crypto-linked stocks rebounded after sharp drops witnessed a day earlier. Shares of Bit Digital Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTBT#NASDAQ">BTBT</a>) were up 16%, while Riot Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIOT#NASDAQ">RIOT</a>) and MARA Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) were up by 9% and 6%, respectively. </li>
<li>Dell Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NASDAQ">DELL</a>) tumbled by over 11% in reaction to earnings. </li>
<li>Other stocks reacting to quarterly results were Crowdstrike Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>), down 5.1%; Workday Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDAY#NASDAQ">WDAY</a>), down 5.2%; Autodesk Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADSK#NASDAQ">ADSK</a>), down 8%; HP Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>), down 12% and Nutanix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTNX#NASDAQ">NTNX</a>), down over 6%.</li>
</ul>
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Stocks Fall, Yen Eyes Best Day In 2 Months, Bitcoin Rebounds Above $96,000: What's Driving Markets Wednesday?

Melius Research analyst Ben Reitzes maintains Dell Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) with a Buy and raises the price target from $140 to $155.

Melius Research Maintains Buy on Dell Technologies, Raises Price Target to $155

Mizuho analyst Vijay Rakesh maintains Dell Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) with a Outperform and lowers the price target from $155 to $150.

Mizuho Maintains Outperform on Dell Technologies, Lowers Price Target to $150

Dell Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) shares are trading lower after the company reported worse-than-expected 2025 fiscal-year third-quarter sales results on Tuesday <a href="https://www.benzinga.com//node/42201885">after the bell</a>.
The Details: Dell stock dropped approximately 6.5% following its earnings report on Tuesday and continues to decline on Wednesday morning. The earnings report included sales of $24.37 billion, missing analyst estimates of $24.65 billion but representing a 10% year-over-year increase.
The company broke down its sales further, reporting $11.4 billion from its Infrastructure Solutions Group (ISG) and $12.1 billion from its Client Services Group (CSG). In addition, the company reported adjusted earnings per share of $2.15, beating analyst estimates of $2.05.
&#8220;We continued to build on our AI leadership and momentum, delivering combined ISG and CSG revenue of&nbsp;$23.5 billion, up&nbsp;13%&nbsp;year over year,&#8221; said&nbsp;Yvonne McGill, CFO of Dell. 
&#8220;Our continued focus on profitability resulted in EPS growth that outpaced revenue growth, and we again delivered strong cash performance.&#8221;
On a note, Goldman Sachs remained positive about Dell&#8217;s long-term outlook, citing strong AI server demand and opportunities from a delayed PC refresh cycle expected to materialize in 2025. Goldman highlighted strong AI orders of $3.6 billion, contributing to a $4.5 billion backlog in AI servers.
However, Goldman Sachs acknowledged some short-term challenges, including weaker demand for PCs and a delayed recovery in the PC refresh cycle. The firm also noted that while AI server demand remains strong, Blackwell server shipments could face headwinds from component availability, potentially impacting next quarter's results.
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DELL Price Action: At the time of publication, Dell stock is trading 12.9% lower at $123.48, according to data from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.
Image: Photo via Shutterstock

What's Going On With Dell Shares Wednesday?

Citigroup analyst Asiya Merchant maintains Dell Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) with a Buy and lowers the price target from $160 to $156.

Citigroup Maintains Buy on Dell Technologies, Lowers Price Target to $156

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