On August 6, Dell Technologies Inc. fell 3.83% in regular trading, trading at approximately $431.89 per share, with turnover of $4.66 billion.

On the news front, the broader Technology Hardware, Storage & Peripherals sector came under significant selling pressure after storage giants SanDisk and Western Digital reported quarterly earnings with forward guidance that fell short of market expectations. Despite SanDisk posting record revenue growth of 372% year-over-year and record margins in its fiscal Q4, its Q1 revenue guidance of $103-108 billion came in nearly 5.5% below analyst consensus of $111.6 billion, triggering a sharp selloff. Western Digital similarly declined despite beating estimates. The disappointing outlook from key storage players weighed broadly on hardware names, with Western Digital falling 16.39%, SanDisk down 8.45%, and Seagate declining 4.5%, dragging Dell lower in sympathy.

Dell had rallied strongly in prior sessions on AI server demand optimism and a joint investment with NVIDIA in AI cloud startup Volta, but sector-wide headwinds from storage peers' cautious guidance overshadowed those tailwinds.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)