The downside is doing the damage at Wednesday's open: Applied Optoelectronics is off 10.13%, with Dell and SanDisk each shedding roughly 9%. The best gainer, Intuit at 5.07%, does not come close to matching it.
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Every one of today's five worst performers in a 383-name universe lost double digits, led by CoreWeave's 15.42% drop. The best gain on the other side was capped at 4.62%, so the downside is moving far faster than the upside.
Mad Money w/ Jim Cramer 10/12/26
- Four years from the Oct 12, 2022 bottom: $10,000 in the S&P became $23,061, in Nvidia $197,505
- Cramer traced the Mag 7's birth to the 2023 banking crisis, when balance sheets beat credit needs
- Hardware leadership is fading as enterprise software roars back since the summer hedge fund unwind
- His rule: keep buying through rate scares, tariffs and war headlines
Trading the headlines failed: nothing from the banking crisis to the tariff shock derailed a $40 trillion move. The live call inside Cramer's anniversary scorecard is the rotation, with semis and disk drives losing their shine while software names regain leadership.
A $6.25 billion gift funded by founder shares puts Dell's largest holder and his stake in play, which is what shareholders should be watching here.
Michael Dell explains how Dell stock funded his $6.25 billion donation to Trump accounts. https://t.co/jJ5KmZd7R2
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Mad Money w/ Jim Cramer 10/5/26
- Cramer flags a broken pattern: oil fell while the 30-year yield climbed to 5.66%, near 6%
- Nasdaq's record close carried by Microsoft on Copilot, Meta's small-business ad shift, and Nvidia's all-time high
- Saudis discounting crude $5 below the Oman/Dubai benchmark is market share defense, not a fading war premium
- Caller questions on Intuitive Surgical as a broken stock, plus KLA, Domino's and SoFi
Cramer's warning: strip out Microsoft, Nvidia and Meta and the safety names were hit, meaning three stocks are carrying the index. He says the bond market tells the truth longer term, and the 30-year at 5.66% caps any broad rally. Owning the hyperscalers has been the only trade that worked.
Chips and hardware took the top five slots at Thursday's close, led by ON Semiconductor's 5.52% gain, while every big decliner but one was a cybersecurity name. Zscaler's 9.88% drop to $193.43 was the worst in the group.
- DELLDell Technologies$568.06+9.9%
- HPEHewlett Packard Enterprise$60.76+3.8%
- CVXChevron$209.51+1.9%
- NETCloudflare$323.6+0.9%
- RBRKRubrik$106.71+0.8%
Five names printed fresh 52-week highs this week, and Dell cleared its prior peak by 9.93%, the widest margin of the group. Hewlett Packard Enterprise, Chevron, Cloudflare and Rubrik rounded out the list with narrower breakouts.
Same $10,000 into the two AI-server names on January 2: Dell is worth $46,396 today, Super Micro just $13,212. A 4.6x versus 1.3x gap inside the same end market.
Dell Technologies just cleared its September 11 record with a $588.40 close, 3.72% above the prior peak and the sixth straight week of new ground. Anyone waiting for a pullback to enter is still waiting.
- DELLDell Technologies$567.29+9.9%
- HPEHewlett Packard Enterprise$62.09+3.8%
- SKHYSK hynix Inc.$190.07+2.4%
- CVXChevron$214.06+1.1%
Four names hit fresh 52-week highs this week, and Dell Technologies cleared its prior peak by 9.86%. Hewlett Packard Enterprise, SK hynix and Chevron rounded out the list, the last of those edging past its old high by just 1.08%.
DELL Coverage
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Dell Falls 8%, Hewlett Packard Enterprise Drops 4% as Barclays Cuts Both to Hold; Super Micro Slides 5%
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Super Micro Is Up 22% in 2026 but It’s Down Today: Take Profits, or Hold On for the Ride?
Super Micro Computer (NASDAQ:SMCI | SMCI Price Prediction) stock dropped 8% to $35.85 this afternoon, leaving the stock up 22% in 2026. The year-to-date gain still might look healthy, and it raises…
Dell Falls 8% as Barclays Cuts Rating and Target to $574; Hewlett Packard Enterprise Drops 5%, Super Micro Computer Slides 4%
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The AI Boom Is Giving Dell a New Growth Story
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One Overlooked AI Stock That Could Surprise Investors
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Super Micro Drops 3% as Profit Taking Unwinds Server Rally; Dell and Hewlett Packard Enterprise Dip
Super Micro Computer (NASDAQ:SMCI | SMCI Price Prediction) shares are down 3% to $43.63 early in the session, giving back the prior session’s gain. This slide reads as profit taking in a…
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Dell Turned $1,000 Into $11,641 in Five Years as AI Servers Crushed the S&P 500
A struggling PC maker quietly reinvented itself around AI servers, and investors who held through two brutal drawdowns collected returns that left the S&P 500 in the dust. The question now is…
Hewlett Packard Enterprise Just Surged 40% in a Month: Take Profits, or Buy More?
Hewlett Packard Enterprise (NYSE:HPE | HPE Price Prediction) has spent the past month convincing the market that its networking business drives its role in artificial intelligence (AI) infrastructure. Shares of Hewlett Packard…
Super Micro Edges Higher as Server Makers Rise Against a Falling Tech Tape; Hewlett Packard Enterprise Adds 3%, Dell Ticks Up
Server stocks are climbing while the broader tech tape bleeds lower, and the way buyers are spreading across all three hardware names tells a specific story about where the money is going…
Dell Climbs 4% on AI Server Backlog; Hewlett Packard Enterprise Jumps 8%
Server hardware is drawing a concentrated bid, with two enterprise infrastructure makers rising together on artificial intelligence demand. Shares of Dell Technologies (NYSE:DELL | DELL Price Prediction) and Hewlett Packard Enterprise (NYSE:HPE)…
HPE Is the Quiet AI Winner Trading Near Its 52-Week High
HPE just shattered its 52-week high on a single session surge, yet its forward multiple still sits far below every major competitor building the same AI infrastructure boom. Something in the valuation…