Dell's stock drops 6% amid AI sell-off, Michael Dell's net worth falls by $15.1 billion

Huo Xing Cai Jing reports that on September 14, according to BIT (Bit.com) market data, Dell Technologies' stock fell more than 6% on Monday amid a sell-off in the AI sector, reducing founder Michael Dell’s net worth by $15.1 billion to $261.4 billion. His ranking on the Forbes Real-Time Billionaires List dropped from second to fourth, behind Musk, Larry Page, and Bezos. Dell Technologies’ stock had previously benefited from the AI data center investment boom, rising approximately 321% year-to-date. The company’s earnings report released on September 1 showed second-quarter revenue of $47 billion, a 58% year-over-year increase, with AI-optimized server revenue doubling to $16.4 billion. The company now expects AI-optimized server revenue to reach $74 billion in fiscal year 2027, up from its prior forecast of $60 billion. This pullback coincided with broad declines across global AI-related stocks. Recent calls by Anthropic CEO Dario Amodei and OpenAI CEO Sam Altman to slow the pace of frontier AI development have prompted markets to reassess AI capital expenditures and infrastructure demand. On Monday, NVIDIA fell over 3%, AMD dropped more than 5.5%, Intel declined 5.5%, SoftBank closed more than 10% lower, while ASML and Samsung also weakened.