Dell and Super Micro have suffered sharp declines in recent weeks as investors have fled high-flying artificial intelligence companies.
Musk called the report on the Foxconn deal “fake news.”
Stocktwits’ sentiment on Monday was neutral on Dell and bearish on Super Micro.
Shares of Dell Technologies and Super Micro Computer rose 0.4% and 0.8%, respectively, in early pre-market trading Monday, recovering from overnight declines after SpaceX CEO Elon Musk denied a report that the rocket company had placed a $52 billion order with Foxconn for Nvidia-based artificial intelligence servers.
“This is fake news,” Musk said on X in response to a now-deleted post summarizing the purported agreement. An initial report from Taiwan’s Economic Daily said SpaceX planned to purchase more than 13,000 AI server racks powered by Nvidia GB300 chips at a cost of $4 million per rack.
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Dell and Super Micro have traditionally supplied SpaceX with AI servers, and a deal with Foxconn is rumored to be a blow to the companies, as well as giving Foxconn a major boost in its potential efforts to secure major cloud and AI infrastructure customers in North America.
Before Musk’s denial, the report was widely discussed among X users. Citrini analyst Jukan wrote that Foxconn had displaced Dell and Super Micro, and said that deliveries would begin in late 2026 and continue into the first quarter of 2027.
Like other artificial intelligence stocks, Dell and Super Micro have seen sharp declines in recent weeks as investors have fled high-flying AI companies, especially semiconductor companies, and into big tech and software stocks. Dell shares fell 8% in July, while Super Micro shares fell 18%.
Change in DELL and SMCI shares
Dell and Super Micro remain key beneficiaries of the AI infrastructure boom, with both companies seeing strong demand for AI servers as enterprises and cloud providers increase data center spending.
Dell continues to expand its AI infrastructure offerings and partnerships while leveraging its broad enterprise customer base, while Super Micro has focused on scaling its AI server portfolio and manufacturing capabilities, although the company has also faced increased scrutiny over governance and legal issues in recent months.
Retail Review DELL, SMCI
On Stocktwits, retail sentiment was “neutral” on Dell and “bearish” on Super Micro, even as traders continued to post as if the SpaceX-Foxconn reports were true, which would be a negative development for both companies.
“$DELL is one of the companies I watch closely in the AI infrastructure trading space…$DELL is holding up better than many of the companies in the group, showing that buyers are still defending the trend,” the trader wrote.
“There are winners and losers in AI trading. Leaders are usually those who refuse to break when the market falters.”
Another wrote: “$SMCI I’m sure the bears are having panic attacks right now! They were expecting a 5% drop pre-market lol.”
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Yuvraj Malik has no position in any of the stocks mentioned in this article. The content of the StockTwits newsgroup is for informational purposes only and does not constitute investment advice. Read more in our editorial policy. This article was originally published on StockTwits.
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