On August 28, Dell Technologies Inc. declined 3.02% in regular trading, trading at $458.30 per share, with turnover of $1.166 billion.

On the news front, Morgan Stanley previously flagged that Dell faces the toughest near-term earnings adjustment risk due to elevated buyside expectations and stretched valuation heading into its quarterly report scheduled for September 1. The stock had rallied over 6% in the prior two sessions, driven by JPMorgan raising its target price from $550 to $565 and UBS lifting its target from $440 to $455, creating short-term profit-taking pressure as investors reassess risk-reward ahead of results.

Within the Technology Hardware, Storage and Peripherals sector, AI server-related names broadly retreated, with Super Micro Computer declining 3.13% on the same day. Consensus estimates for Dell's upcoming quarter project revenue of approximately $44.88 billion, up 53.85% year-over-year, and adjusted EPS of roughly $4.89, representing 112.23% growth, setting a high bar for the company to clear.

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