Barclays downgraded Dell, NetApp, and HPE on October 14, 2026, citing concerns over AI spending.

The entities involved

• Barclays →

  British bank

  • Multiple major banks, including Citigroup, UBS, Bank of America, and Barclays, have issued updated price targets and ratings.Sat 00:01
  • Barclays reports on India's investment prospects.Fri 09:04
• Dell →

  American multinational computer technology corporation

  • Dell is reportedly considering production moves to China, while Schneider Electric operates a manufacturing base in Xiamen.Fri 12:49
  • Tech leaders gathered in Abu Dhabi, with representatives from several countries and major tech companies attending.Fri 07:51
• Hewlett Packard Enterprise →

  American information technology company

  • Morgan Stanley lifted its price target and gave an overweight rating for Hewlett Packard Enterprise, while Susquehanna reduced its target and set a neutral rating.Mon 23:15
  • HPE acquired Cloud Cruiser and formed a partnership to offer OpenStack private cloud solutions.Wed 06:26

Related events

• Barclays downgraded Dell stock ratings, citing valuation concerns for debt-heavy AI firms like CoreWeave.Oct 14
• Firms are partnering to create AI financing platforms as institutional investors are drawn to the growing demand for AI technology.Aug 11
• Dell's success reflects the AI infrastructure story.Jun 7