Dell is down 11%, leading a data center selloff as the market starts questioning enterprise AI timing. The hardware buildout trade has been priced for flawless execution, and any wobble in the timing

What happened: Barclays downgraded Dell, HPE, and NetApp on concerns that enterprise AI adoption is lagging. Dell stock plunged 11%, leading a data center sell-off. Why it matters: The downgrades point to worries about enterprise AI timing, and the drop in Dell shares spread across data center names. Key numbers: Dell fell 11%.

Barclays downgraded Dell, HPE, and NetApp on concerns that enterprise AI adoption is lagging. Dell stock plunged 11%, leading a data center sell-off.

The downgrades point to worries about enterprise AI timing, and the drop in Dell shares spread across data center names. Key numbers: Dell fell 11%.