Dell Slides 4% on $120M AI Acquisition Amid Infrastructure Push
Dell Technologies (DELL) shares fell 4.34% to $127.95 intraday as markets digested its $120 million all-cash acquisition of Israeli AI startup Dataloop. The MOVE signals Dell’s aggressive positioning in AI-ready infrastructure—a sector seeing accelerating enterprise demand.
Dataloop specializes in dataset management for AI model development, having raised $50 million prior to acquisition. For Dell, this aligns with a broader pivot beyond hardware into high-margin AI infrastructure services. Analysts remain bullish with a $159.78 average target despite near-term volatility.