StocksMedium•4 November 2026•
1 min read
AI Server Stocks Slump Led by SMCI and Dell Despite Revenue Growth
Key Facts
1Super Micro shares fell 4% despite a blowout quarter as margin worries weighed on investor sentiment.
2Dell shares sank 8% and Hewlett Packard Enterprise dropped 6% amid broader selling pressure in the data center sector.
Super Micro shares fell 4% despite the company reporting strong quarterly results and beating earnings estimates. 247wallst.com reported that selling pressure hit the broader data center sector, with Dell shares sinking 8% and Hewlett Packard Enterprise dropping 6% amid concerns over profit margin sustainability and public backlash against data center expansion.
SMCI closed at $31.39 on November 3, 2026, while DELL shares finished at $408.31 on the same date. These declines occurred despite Super Micro reporting Q1 FY2027 revenue of $19.95 billion; however, a dip in adjusted gross margins to 12.8% weighed on sentiment, as HPE also closed at $53.1 on November 3, 2026.