Dell Technologies Inc. shares plummeted 12.10% during intraday trading on Tuesday, as a broad selloff swept through the Technology Hardware, Storage & Peripherals sector.

The decline was driven by significant selling pressure across the entire computer hardware and storage equipment industry, with no company-specific catalyst identified for Dell. Peer stocks suffered even steeper losses: SanDisk Corp. fell 12.7%, Western Digital dropped 12.63%, Seagate Technology declined 11.82%, and Super Micro Computer lost 7.38%. The only outlier in the sector was Apple, which edged up 0.7%.

The sector-wide weakness reflects cautious market sentiment toward the near-term outlook for computer hardware, despite recent positive signals such as strong AI server demand and analyst buy ratings on Dell. The selloff dragged Dell lower in sympathy with its peers, underscoring the lack of individual stock drivers on the day.