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Morgan Stanley downgraded computer hardware makers because of the impact of soaring memory chip prices. Shares of Dell Computer, Hewlett Packard Enterprise and HP Inc. tumbled Monday.
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Shares of Dell Technologies Inc. (NASDAQ: DELL) are falling Monday following a bearish analyst update from Morgan Stanley.
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Rising memory costs and weakening non-AI hardware demand have prompted Morgan Stanley to cut ratings on several major technology hardware makers, including Dell Technologies, HP Inc., and Hewlett ...