Dell Technologies Option Alert: Mar, 2026 $105 Puts at the Bid: 600 vs 79 OI

Dell Technologies Option Alert: Mar, 2026 $105 Puts at the Bid: 600 @ $19.37 vs 79 OI; Ref=$97.955

Dell Technologies Option Alert: Sep 19 $105 Puts Sweep (10) near the Ask: 501 vs 1352 OI

Dell Technologies Option Alert: Sep 19 $105 Puts Sweep (10) near the Ask: 501 @ $15.35 vs 1352 OI; Ref=$99.61

Dell Technologies Option Alert: Sep 19 $105 Puts Sweep (13) near the Ask: 567 vs 1352 OI

Dell Technologies Option Alert: Sep 19 $105 Puts Sweep (13) near the Ask: 567 @ $15.651 vs 1352 OI; Ref=$98.95

Dell Technologies Option Alert: Sep 19 $115 Calls at the Bid: 750 vs 2089 OI

Dell Technologies Option Alert: Sep 19 $115 Calls at the Bid: 750 @ $7.35 vs 2089 OI; Ref=$98.49

Dell Technologies Option Alert: May 16 $95 Puts Sweep (3) near the Bid: 954 vs 2712 OI

Dell Technologies Option Alert: May 16 $95 Puts Sweep (3) near the Bid: 954 @ $5.35 vs 2712 OI; Ref=$97.9

Dell Technologies (NYSE:DELL) Stock

Dell Technologies

Dell Inc.

NASDAQ

Dell Technologies is a broad information technology vendor, primarily supplying hardware to enterprises. It is focused on premium and commercial personal computers and enterprise on-premises data center hardware. It holds top-three market shares in its core markets of personal computers, peripheral displays, mainstream servers, and external storage. Dell has a robust ecosystem of component and assembly partners, and also relies heavily on channel partners to fulfill its sales.

Dell Technologies Inc. Class C Common Stock

Dell Technologies Inc

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NVDA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/17/25</td>
<td>$112.00</td>
<td>$35.0K</td>
<td>9.1K</td>
<td>54.3K</td>
</tr>
<tr>
<td>APLD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$5.00</td>
<td>$54.7K</td>
<td>10.5K</td>
<td>13.8K</td>
</tr>
<tr>
<td>AAPL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/25/25</td>
<td>$205.00</td>
<td>$35.1K</td>
<td>5.2K</td>
<td>6.2K</td>
</tr>
<tr>
<td>BTDR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>05/02/25</td>
<td>$8.00</td>
<td>$64.3K</td>
<td>139</td>
<td>1.7K</td>
</tr>
<tr>
<td>SMCI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/16/25</td>
<td>$45.00</td>
<td>$31.8K</td>
<td>9.5K</td>
<td>1.5K</td>
</tr>
<tr>
<td>CRWV</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>10/17/25</td>
<td>$40.00</td>
<td>$43.3K</td>
<td>437</td>
<td>1.4K</td>
</tr>
<tr>
<td>DELL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/17/25</td>
<td>$110.00</td>
<td>$27.5K</td>
<td>602</td>
<td>1.1K</td>
</tr>
<tr>
<td>AMAT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/17/25</td>
<td>$148.00</td>
<td>$97.0K</td>
<td>410</td>
<td>1.0K</td>
</tr>
<tr>
<td>PLTR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/15/27</td>
<td>$120.00</td>
<td>$175.7K</td>
<td>10.1K</td>
<td>745</td>
</tr>
<tr>
<td>MSTR</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>04/17/25</td>
<td>$320.00</td>
<td>$25.0K</td>
<td>1.3K</td>
<td>370</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we notice a put option sweep that happens to be bearish, expiring in 2 day(s) on April 17, 2025. This event was a transfer of 164 contract(s) at a $112.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $35.0K, with a price of $214.0 per contract. There were 9127 open contracts at this strike prior to today, and today 54341 contract(s) were bought and sold. 
• Regarding APLD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APLD#NASDAQ">APLD</a>), we observe a put option sweep with bearish sentiment. It expires in 276 day(s) on January 16, 2026. Parties traded 238 contract(s) at a $5.00 strike. This particular put needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $54.7K, with a price of $229.0 per contract. There were 10574 open contracts at this strike prior to today, and today 13886 contract(s) were bought and sold. 
• For AAPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), we notice a call option sweep that happens to be bearish, expiring in 10 day(s) on April 25, 2025. This event was a transfer of 90 contract(s) at a $205.00 strike. This particular call needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $35.1K, with a price of $395.0 per contract. There were 5217 open contracts at this strike prior to today, and today 6212 contract(s) were bought and sold. 
• For BTDR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTDR#NASDAQ">BTDR</a>), we notice a call option trade that happens to be bullish, expiring in 17 day(s) on May 2, 2025. This event was a transfer of 1740 contract(s) at a $8.00 strike. The total cost received by the writing party (or parties) was $64.3K, with a price of $37.0 per contract. There were 139 open contracts at this strike prior to today, and today 1750 contract(s) were bought and sold. 
• Regarding SMCI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>), we observe a call option sweep with bearish sentiment. It expires in 31 day(s) on May 16, 2025. Parties traded 475 contract(s) at a $45.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $31.8K, with a price of $67.0 per contract. There were 9597 open contracts at this strike prior to today, and today 1574 contract(s) were bought and sold. 
• Regarding CRWV (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWV#NASDAQ">CRWV</a>), we observe a put option sweep with neutral sentiment. It expires in 185 day(s) on October 17, 2025. Parties traded 38 contract(s) at a $40.00 strike. This particular put needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $43.3K, with a price of $1142.0 per contract. There were 437 open contracts at this strike prior to today, and today 1479 contract(s) were bought and sold. 
• For DELL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>), we notice a call option trade that happens to be bullish, expiring in 185 day(s) on October 17, 2025. This event was a transfer of 62 contract(s) at a $110.00 strike. The total cost received by the writing party (or parties) was $27.5K, with a price of $445.0 per contract. There were 602 open contracts at this strike prior to today, and today 1130 contract(s) were bought and sold. 
• Regarding AMAT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMAT#NASDAQ">AMAT</a>), we observe a call option sweep with bullish sentiment. It expires in 2 day(s) on April 17, 2025. Parties traded 522 contract(s) at a $148.00 strike. This particular call needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $97.0K, with a price of $186.0 per contract. There were 410 open contracts at this strike prior to today, and today 1078 contract(s) were bought and sold. 
• For PLTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>), we notice a call option sweep that happens to be bearish, expiring in 640 day(s) on January 15, 2027. This event was a transfer of 62 contract(s) at a $120.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $175.7K, with a price of $2835.0 per contract. There were 10159 open contracts at this strike prior to today, and today 745 contract(s) were bought and sold. 
• Regarding MSTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), we observe a put option trade with neutral sentiment. It expires in 2 day(s) on April 17, 2025. Parties traded 20 contract(s) at a $320.00 strike. The total cost received by the writing party (or parties) was $25.0K, with a price of $1250.0 per contract. There were 1340 open contracts at this strike prior to today, and today 370 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

AAPL

AMAT

APLD

BTDR

CRWV

DELL

MSTR

NVDA

PLTR

SMCI

10 Information Technology Stocks Whale Activity In Today's Session

The CNN Money Fear and Greed index showed almost no change in the overall fear level, while the index remained in the &#8220;Extreme Fear&#8221; zone on Monday.
U.S. stocks settled higher on Monday, with the Dow Jones index gaining more than 300 points during the session. Over the weekend, the White House announced a provisional exemption for smartphones and semiconductors from China's proposed 145% trade tariff. These items will instead face a 20% levy—linked to fentanyl-related enforcement—until sector-specific duties are finalized.
Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) shares rose 2.2%, while Dell Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) shares gained around 4%. The Technology Select Sector SPDR Fund (XLK) rose about 1% on Monday.
The Goldman Sachs Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>) posted better-than-expected earnings for its first quarter. M&amp;T Bank Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTB#NYSE">MTB</a>) posted weaker-than-expected earnings for its first quarter.
Despite significant volatility last week, all three major averages recorded gains during the period. The S&amp;P 500 gained 5.7% to record its best week since November 2023, while the Nasdaq jumped 7.3%, notching its best week since November 2022. The Dow also jumped around 5% last week.
Most sectors on the S&amp;P 500 closed on a positive note, with real estate, utilities and consumer staples stocks recording biggest gains on Monday. However, consumer discretionary stocks bucked the overall market trend, closing the session lower.
The Dow Jones closed higher by around 312 points to 40,524.79 on Monday. The S&amp;P 500 rose 0.79% to 5,405.97, while the Nasdaq Composite climbed 0.64% at 16,831.48 during Monday's session.
Investors are awaiting earnings results from Citigroup Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>), United Airlines Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>) and Bank of America Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) today.
At a current reading of 19.4, the index remained in the &#8220;Extreme Fear&#8221; zone on Monday, versus a prior reading of 19.4.
What is CNN Business Fear &amp; Greed Index?
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
Read Next: 
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<li><a href="https://www.benzinga.com/analyst-ratings/price-target/25/04/44787747/wall-streets-most-accurate-analysts-spotlight-on-3-consumer-stocks-delivering-high-dividend-yields">Wall Street&#8217;s Most Accurate Analysts Spotlight On 3 Consumer Stocks Delivering High-Dividend Yields</a> </li>
</ul>
Photo via Shutterstock

Earnings

News

Pre-Market Outlook

Markets

Trading Ideas

Dow Surges Over 300 Points Ahead Of Earnings: Fear & Greed Index Remains In 'Extreme Fear' Zone

Citigroup analyst Asiya Merchant maintains Dell Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) with a Buy and lowers the price target from $145 to $105.

Price Target

Analyst Ratings

Citigroup Maintains Buy on Dell Technologies, Lowers Price Target to $105

Nio Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) shares traded higher on Monday after President Donald Trump and his administration announced that electronics are exempt from the 145% reciprocal tariffs <a href="https://www.benzinga.com/economics/macro-economic-events/25/04/44787080/goldman-sachs-cheers-china-tariff-exemptions-lifts-earnings-forecasts-for-apple-dell-hp">on Chinese goods.</a>
The Details: According to the <a href="https://nypost.com/2025/04/14/business/tech-stocks-jump-after-trump-pauses-tariffs-on-electronics/?utm_source=chatgpt.com">New York Post</a>, the announcement exempts electronics like smartphones, laptops and semiconductors. Following the news, Nio, along with other U.S.-listed Chinese stocks, rose as the exemption helped alleviate investor concerns about rising costs and weakened demand.
Other U.S.-listed Chinese tech stocks that moved higher include PDD Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>), JD.Com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>) and Baidu Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>).
While Nio is primarily an electric vehicle manufacturer, it recently expanded into consumer electronics with the launch of <a href="https://www.benzinga.com/markets/equities/24/06/39377149/teslas-chinese-rival-nio-unveils-plans-for-nio-in-2024-anticipates-launch-of-second-generation-n">its own smartphone</a>, which may benefit more directly from the exemption, as smartphones are specifically excluded from the tariffs.
American technology companies such as Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) and Dell Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) also saw a boost, as both rely heavily on components and manufacturing ties to China that could have been impacted by the tariffs.
The tariff relief may be temporary. Secretary of Commerce Howard Lutnick said new measures targeting semiconductors and other tech components are expected in the coming months.
Trump also emphasized in a Truth Social<a href="https://truthsocial.com/@realDonaldTrump/posts/114332337028519855"> post</a> that, "NOBODY is getting ‘off the hook' on tariffs," adding that even if certain products are exempt under one policy, "they'll be covered under another.&#8221;
NIO Price Action: NIO stock closed 2.56% higher at $3.61, according to data from <a href="https://www.benzinga.com/pro/">Benzinga Pro.</a>
See Also: • <a href="https://www.benzinga.com/news/25/04/44794639/ironically-because-of-all-the-new-tariffs-its-now-way-cheaper-to-make-our-chocolate-bars-outside-the-us-says-mrbeast">Ironically, Because Of All The New Tariffs, It&#8217;s Now Way Cheaper To Make Our Chocolate Bars Outside The US,&#8217; Says MrBeast</a>
Photo: Courtsy Nio, Inc.

Global

Movers

BIDU

Citigourp Global Markets 2% Protected Notes Linked To The Djia

What's Going On With Nio Stock Monday?

Micron Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) shares are moving higher on Monday after President Donald Trump and his administration announced that electronics are exempt from the 145% reciprocal tariffs <a href="https://www.benzinga.com/economics/macro-economic-events/25/04/44787080/goldman-sachs-cheers-china-tariff-exemptions-lifts-earnings-forecasts-for-apple-dell-hp">on Chinese goods.</a>
What To Know: According to the <a href="https://nypost.com/2025/04/14/business/tech-stocks-jump-after-trump-pauses-tariffs-on-electronics/?utm_source=chatgpt.com">New York Post</a>, electronics include items like smartphones and laptops along with semiconductors. The announcement boosted Micron and other American tech stocks as it eases investor concerns about potential cost increases and slowing demand.
Companies like Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Dell Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) and Advanced Micro Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) are also moving higher following the news. 
American tech firms often rely on components sourced from China, which could have become significantly more expensive under the proposed tariffs. Higher production costs could have led to price hikes for consumers, potentially reducing demand for electronics overall. 
Micron's business relies on steady demand for devices that use its chips, so avoiding tariffs that could weaken consumer spending is largely seen as a positive for the company.
The tariff relief for electronics may be short-lived. Commerce Secretary Howard Lutnick said Sunday the Trump administration is planning new tariffs targeting semiconductors and other tech parts. 
Trump emphasized in a social media post that "NOBODY is getting ‘off the hook' on tariffs," adding that even if certain products are exempt under one policy, "they'll be covered under another."
Related Link: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/04/44797563/goldman-sachs-sees-upside-in-retail-giants-dollar-tree-home-depot-best-buy-and-target-despite-tariff-margin-pressures">Goldman Sachs Sees Upside In Retail Giants Dollar Tree, Home Depot, Best Buy And Target Despite Tariff, Margin Pressures</a>
MU Price Action: At the time of writing, Micron shares are trading 2.02% higher at $71.57, according to data from <a href="https://www.benzinga.com/pro/">Benzinga Pro.</a>
Image: via Shutterstock

What's Going On With Micron Technology Stock Monday?

Alibaba Group Holding Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) shares are trading higher on Monday after President Donald Trump and his administration announced consumer electronics are exempt from the 145% reciprocal tariffs <a href="https://www.benzinga.com/news/large-cap/25/04/44794083/7-chipmaker-stocks-set-to-gain-as-trump-delays-tariff-blow-on-key-china-tech-imports-bank-of-america">on Chinese goods.</a>
What To Know: According to the <a href="https://nypost.com/2025/04/14/business/tech-stocks-jump-after-trump-pauses-tariffs-on-electronics/?utm_source=chatgpt.com">New York Post</a>, the exemption covers smartphones, laptops and chips, which led to gains in the company&#8217;s stock and other U.S.-listed Chinese stocks such as PDD Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>) and NIO Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>).
The new exemption allows these companies to maintain competitive pricing and avoid price increases. Furthermore, it eases investor concerns over disrupted supply chains and reduced consumer demand due to higher pricing, both of which could have negatively impacted revenue.
The news also lifted American technology stocks like Apple, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Advanced Micro Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) and Dell Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>). Many of these companies rely on components from China in order to manufacture their goods.
The relief from tariffs for electronics is likely temporary. Commerce Secretary Howard Lutnick warned Sunday that the Trump administration is preparing new tariffs aimed at semiconductors and other tech components.
Related Link: <a href="https://www.benzinga.com/news/25/04/44794639/ironically-because-of-all-the-new-tariffs-its-now-way-cheaper-to-make-our-chocolate-bars-outside-the-us-says-mrbeast">Ironically, Because Of All The New Tariffs, It&#8217;s Now Way Cheaper To Make Our Chocolate Bars Outside The US,&#8217; Says MrBeast</a>
BABA Price Action: At the time of writing, Alibaba shares are trading 6.49% higher at $114.72, according to data from <a href="https://www.benzinga.com/pro/">Benzinga Pro.</a>
Image: via Shutterstock

BABA

What's Going On With Alibaba Shares Monday?

Dell Technologies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) shares are getting a lift Monday morning following tech tariff exemptions <a href="https://www.benzinga.com/25/04/44778464/trump-administration-grants-tariff-reprieve-to-tech-industry-apple-and-nvidia-among-beneficiaries">from the Trump administration</a>. 
What Happened: President&nbsp;Donald Trump&nbsp;announced new tariff exemptions over the weekend on several consumer electronics including smartphones, computers, laptops and disk drives.
The U.S. Customs and Border Protection agency published a list of 20 tariff codes in total to be exempted from tariffs on imports. The exemptions were&nbsp;applied retroactively as of April 5 and include Trump's 125% reciprocal tariffs on China as well as the 10% baseline tariffs on other countries.
Dell shares are moving higher on Monday as the company has significant exposure to China, Vietnam and Taiwan, among other countries. Electronics makers as a whole are rallying as they typically source components and manufacturing labor globally. 
Check This Out: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/04/44787818/sp-500-could-tank-to-4000-if-trump-put-fizzles-says-jpmorgan">S&amp;P 500 Could Tank To 4,000 If &#8216;Trump Put&#8217; Fizzles, Says JPMorgan</a>
According to a Bloomberg <a href="https://www.bloomberg.com/news/articles/2025-04-09/dell-reduces-computer-discounts-after-tariffs-rattle-business?embedded-checkout=true">report</a>, Dell recently called its global supply chain an &#8220;asset&#8221; that is diverse enough to allow the company to soften the potential impacts of tariffs. 
Despite the positive commentary, the report indicates that Dell began slashing U.S. discounts on several computers in response to tariffs. Bloomberg reported that there are currently less discounts on Dell&#8217;s online shop than at any other point since the start of 2024. Furthermore, the company has increased list prices for at least one of its laptops.
Dell is due to report first-quarter financial results next month. The company said <a href="https://www.benzinga.com/news/earnings/25/02/44025754/dell-technologies-stock-climbs-after-mixed-q4-results-eps-beat-revenues-miss">last quarter</a> that it expected to deliver first-quarter revenue of $22.5 billion to $23.5 billion, versus estimates of $23.59 billion. Dell also guided for first-quarter adjusted earnings of $1.65 per share, versus estimates of $1.76 per share. 
DELL Price Action: <a href="http://benzinga.com/quote/dell">Dell shares</a> were up 3.37% at $84.69 at the time of publication Monday, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Photo: <a href="https://www.shutterstock.com/g/synthesis">Gabriel Pahontu</a>/Shutterstock.

Dell Technologies Stock Is Rallying Monday: What's Going On?

Editor's Note: The headline has been updated to reflect that the stocks are moving higher.
U.S. stock futures were higher this morning, with the Dow futures gaining around 400 points on Friday.
Shares of Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) rose sharply in today's pre-market trading after the Trump administration announced tariff <a href="https://www.benzinga.com/quote/AAPL">exemptions for smartphones</a>.
Apple shares gained 5.8% to 209.56 in the pre-market trading session.
Here are some other stocks moving higher in pre-market trading.
<ul>
<li>Third Harmonic Bio, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/THRD#NASDAQ">THRD</a>) shares jumped 36.8% to $4.98 in pre-market trading after the company announced a plan of liquidation and dissolution.</li>
<li>Theratechnologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/THTX#NASDAQ">THTX</a>) gained 32.5% to $2.57 in pre-market trading. Future Pak, on Friday, proposed to acquire the company for $255 million.</li>
<li>TMC the metals company Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMC#NASDAQ">TMC</a>) gained 20% to $2.34 in pre-market trading following a 5% gain on Friday.</li>
<li>Viking Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VKTX#NASDAQ">VKTX</a>) rose 14.5% to $25.45 in pre-market trading after gaining 3% on Friday.</li>
<li>MP Materials Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MP#NYSE">MP</a>) rose 12% to $25.40 in pre-market trading. MP Materials will release its financial results for the first quarter, after the closing bell on Thursday, May 8.</li>
<li>Best Buy Co., Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>) gained 8.8% to $65.76 in pre-market trading after the Trump administration excluded a range of technology products, including consumer electronics from the 145% reciprocal tariffs bucket.</li>
<li>Dell Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) climbed 5.8% to $86.73 in pre-market trading &nbsp;after the Trump administration excluded a range of technology products, including consumer electronics from the 145% reciprocal tariffs bucket.</li>
<li>NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) rose 3% to $114.17 in pre-market trading after the Trump administration excluded a range of technology products, including consumer electronics from the 145% reciprocal tariffs bucket.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/25/04/44759831/top-3-industrials-stocks-that-may-explode-in-april">Top 3 Industrials Stocks That May Explode In April</a> </li>
</ul>
Photo via Shutterstock

THRD

THTX

VKTX

Third Harmonic Bio, Apple, Dell And Other Big Stocks Moving Higher In Monday's Pre-Market Session (CORRECTED)

Goldman Sachs analysts swiftly raised their earnings forecasts for top U.S. tech giants after a surprise weekend decision from the White House shielded key electronics from steep new <a href="https://www.benzinga.com/markets/25/04/44777482/trump-tariff-wars-chinas-new-rule-to-exempt-nvidia-qualcomm-and-others-from-levies-but-these-chip-companies-will-be-hit-with-125-tariffs">tariffs on Chinese imports.</a>
In a note shared Monday, analyst Michael Ng said U.S. Customs and Border Protection issued guidance late Friday clarifying that 20 tech product categories—including smartphones, servers, routers, solid-state drives and semiconductor equipment—would be exempt from the sweeping 125% tariffs imposed on Chinese goods. 
The exemptions apply retroactively to April 5 and may soften the blow for key hardware manufacturers facing escalating trade tensions.
<h3 class="wp-block-heading">Apple, Dell, HP Get A Reprieve</h3>
Goldman Sachs reversed recent estimate cuts on Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Dell Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>), Hewlett Packard Enterprise Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPE#NYSE">HPE</a>) and HP Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>). 
"These adjustments largely reverse the estimate cuts we made on April 7," Ng said, tying the swing directly to the reversal in tariff policy.
Thanks to improved gross margins, Goldman now sees stronger profitability ahead for these firms.
According to the investment bank, the move is particularly favorable for smartphone, PC, server and networking equipment makers. Still, the bank stopped short of sounding the all-clear, saying that "ongoing uncertainty in trade policy and growth" continues to pose a risk to the sector.
Apple received one of the largest upgrades. Goldman lifted its 12-month target price from $242 to $259 and increased projected earnings per share for fiscal years 2025 through 2027 by 6% on average, with estimates now at $7.37, $8.27 and $9.24, respectively. The revised valuation assumes a 30-times multiple on earnings one year forward, consistent with prior models.
Shares of the Cupertino-based iPhone maker climbed 5.5% in Monday&#8217;s premarket session, nearly reversing the losses it suffered following Donald Trump&#8217;s tariff announcement on April 2. 
Dell also saw a notable earnings bump. Goldman raised its fiscal 2026 EPS forecast from $7.57 to $9.13 and reiterated a target price of $95. That reflects a 9-times multiple on forward earnings, unchanged from previous assumptions.
Dell Technologies Inc. jumped 6%, also reclaiming ground lost earlier this month.
For HP Inc., while the rating remained Neutral, Goldman increased its fiscal 2025 and 2026 EPS projections by 10% on average, now forecasting $3.48 and $3.52. The 12-month price target holds steady at $27, based on a 7.5-times forward earnings multiple.
Hewlett Packard Enterprise Co. gained 4%, while HP Inc. advanced 3.7%.
The broader Technology&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>)&nbsp;rose 2.1% by 8:00 a.m. ET. 
<h3 class="wp-block-heading">Why These Products Matter</h3>
The products now exempted from tariffs make up a significant chunk of the U.S.-China tech trade.
Data from the International Trade Centre show the U.S. exported $15 billion worth of electrical goods to China in 2024, along with $8.7 billion to Hong Kong and $7.3 billion to Taiwan. Smartphone exports alone totaled $5.6 billion to Greater China.
Imports, however, dwarf those figures. Last year, the U.S. imported $159 billion of related electronics from China and its territories, including $58.9 billion worth of smartphones.
These figures underline how deeply intertwined the two economies remain—particularly in the tech supply chain. 
Before the latest White House decision, some experts estimated the price of a brand-new iPhone 16 Pro could have surged past $2,250—a jump of roughly 60%.
Read now: 
<ul>
<li><a href="https://www.benzinga.com/general/market-summary/25/04/44784107/us-stocks-likely-to-open-higher-expert-says-the-selling-pressure-is-starting-to-be-exhausted">US Stocks Likely To Open Higher: Expert Says &#8216;The Selling Pressure Is Starting To Be Exhausted&#8217;</a></li>
</ul>
Photo: Shutterstock

Asia

Equities

Macro Economic Events

Econ #s

Economics

Tech

Goldman Sachs Cheers China Tariff Exemptions, Lifts Earnings Forecasts For Apple, Dell, HP

WIIM

LOGI

PSTG

Shares of semiconductor, electronics and hardware stocks are trading higher after the Trump administration excluded a range of technology products, including consumer electronics from the 145% reciprocal tariffs bucket.

Billionaire entrepreneur Mark Cuban addressed President Donald Trump&#8216;s tariff exemption strategy on electronics, suggesting it could generate billions in revenue for the United States, while also outlining the potential market shifts it could trigger.
What Happened: Cuban&#8217;s comments come amid the Trump administration&#8217;s back-and-forth on trade policies and their impact on the tech and manufacturing sectors.
According to Cuban, a potential exemption strategy would allow companies like Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) and Dell Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>), which manufacture finished products in China, to import their goods into the U.S. market by paying the existing 20% tariff. This, he argues, would generate substantial revenue for the U.S. government.
&#8220;I think I see his latest exemption logic. The 20pct still holds. So Let Apple et al bring in finished inventory if they pay the 20pct tariff. Also lets them go full speed in China and bring over as much finished goods inventory as they can. That's billions of revenue for the USA,&#8221; he said.
However, Cuban also highlights the potential consequences of such a policy. He points out that if components remain subject to tariffs, companies that import components and assemble or manufacture their products outside of China would be significantly disadvantaged.
This would lead to a potential market share shift, with companies manufacturing finished goods in China gaining a competitive edge.
He also acknowledged the uncertainty surrounding the longevity of such tariffs, emphasizing that this factor could significantly impact long-term business strategies.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I think I see his latest exemption logic. The 20pct still holds. So Let Apple et al bring in finished inventory if they pay the 20pct tariff Also lets them go full speed in china and bring over as much finished goods inventory as they can That's billions of revenue for the…
&mdash; Mark Cuban (@mcuban) <a href="https://twitter.com/mcuban/status/1911460936935780830?ref_src=twsrc%5Etfw">April 13, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/markets/equities/25/04/44756157/eli-lilly-abbvie-bristol-myers-regeneron-and-other-pharma-companies-slide-as-donald-trump-confirms-tariffs-on-pharma-companies">Eli Lilly, AbbVie, Bristol Myers, Regeneron, And Other Pharma Companies Slide As Donald Trump Confirms Tariffs On Pharma Companies</a>
Why It Matters: The U.S. Customs and Border Protection <a href="https://content.govdelivery.com/bulletins/gd/USDHSCBP-3db9e55?wgt_ref=USDHSCBP_WIDGET_2">exempted</a> smartphones, computers, and semiconductors from reciprocal tariffs late Friday, although a 20% tariff on all Chinese goods remains. The guidance issued late Friday evening comes after Trump earlier this month imposed 145% tariffs on products from China.
However, the Commerce Secretary Howard Lutnick confirmed over the weekend that current tariff exemptions for electronics are only temporary and that additional levies—possibly impacting iPhones—could be introduced within months.
Apple received a temporary tariff exemption on Chinese-made electronics, including iPhones, but analyst <a href="https://www.benzinga.com/25/04/44781528/apples-preemptive-iphone-stockpile-could-disrupt-supply-chain-amid-looming-semiconductor-tariffs-warns-top-analyst-says-this-may-be-cupertinos-best-option-beyond-white-house-talks">Ming-Chi Kuo</a> <a href="https://www.benzinga.com/25/04/44781528/apples-preemptive-iphone-stockpile-could-disrupt-supply-chain-amid-looming-semiconductor-tariffs-warns-top-analyst-says-this-may-be-cupertinos-best-option-beyond-white-house-talks">warned this relief may be short-lived</a>. Its strategy of stockpiling inventory to mitigate trade volatility could lead to supply chain disruptions during model transitions, according to Kuo.
While production lines in China remain idle, highlighting Apple&#8217;s intent to shift manufacturing to India, the plan remains subject to change amidst ongoing trade risks like potential semiconductor tariffs.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Just after noting that semiconductor tariffs may impact iPhones, U.S. Commerce Secretary Lutnick said that electronics, including iPhones, will be subject to semiconductor tariffs in a month or two. Commerce Secretary Lutnick says tariff exemptions for electronics are only… <a href="https://t.co/3BJWWUmIz5">https://t.co/3BJWWUmIz5</a>
&mdash; 郭明錤 (Ming-Chi Kuo) (@mingchikuo) <a href="https://twitter.com/mingchikuo/status/1911470768837591132?ref_src=twsrc%5Etfw">April 13, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Price Action: Apple&#8217;s stock closed higher by 4.06% on Friday despite an 18.74% decline year-to-date. It was up 14.74% over the year. The exchange-traded fund tracking the Nasdaq 100 index, Invesco QQQ Trust, Series 1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), on the other hand, fell by 10.94% on a YTD basis in 2025.
On Friday, the futures on the S&amp;P 500 index rose by 1.14%, whereas the futures of Dow Jones and the Nasdaq 100 index were up 062% and 1.59%, respectively. 
Benzinga Edge Stock Rankings indicate Apple has a negative price trend over the short, medium, and long term. Its momentum ranking was moderate at the 62.11th percentile, and its value ranking was weaker. Further fundamental details about the growth and quality rankings are <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">available here</a>. 
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/report/AAPL"><img loading="lazy" decoding="async" width="1015" height="151" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/14021735/Apple-Edge.png" alt="" class="wp-image-869399" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/14021735/Apple-Edge.png 1015w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/14021735/Apple-Edge-300x45.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/14021735/Apple-Edge-768x114.png 768w" sizes="(max-width: 1015px) 100vw, 1015px" /></a></figure>
<a href="https://www.benzinga.com/quote/AAPL/analyst-ratings">Benzinga&#8217;s analysis of 29 analysts</a> shows a consensus &#8220;buy&#8221; rating for the stock, with an average price target of $242.99, ranging from $167.88 to $300. Recent ratings from Jefferies, Keybanc, and Wedbush average $195.96, suggesting a 0.5% potential downside.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/quote/AAPL/analyst-ratings"><img loading="lazy" decoding="async" width="1024" height="388" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/14021717/Apple-ANR-new-latesr-1024x388.png" alt="" class="wp-image-869398" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/14021717/Apple-ANR-new-latesr-1024x388.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/14021717/Apple-ANR-new-latesr-300x114.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/14021717/Apple-ANR-new-latesr-768x291.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/14021717/Apple-ANR-new-latesr.png 1173w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/25/04/44776673/pentagon-slashes-5-1-billion-in-accenture-deloitte-booz-allen-contracts-thats-a-lot-of-consulting">Pentagon Slashes $5.1 Billion In Accenture, Deloitte, Booz Allen Contracts: &#8216;That&#8217;s A Lot Of Consulting&#8217;</a></li>
</ul>
Photo courtesy: Shutterstock

Market Summary

Mark Cuban Examines Trump's Tariff Exemptions Rationale On Electronics: 'That's Billions Of Revenue For The USA'

Dell Technologies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>)&nbsp;has eliminated or reduced the U.S. discounts on <a target="_blank" href="https://www.benzinga.com/topic/dell" rel="noreferrer noopener">many of its computers</a>.
The update coincided with President Trump&#8217;s tariff announcements last week and China&#8217;s retaliatory <a target="_blank" href="https://www.benzinga.com/25/04/44708618/china-retaliates-with-massive-84-tariff-hike-on-us-goods-amid-escalating-trade-war" rel="noreferrer noopener">tariffs this week</a>.
Dell stock fell on Thursday on the report.
Also Read: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/25/02/43591520/dell-vs-hp-ai-server-jpmorgan-pick" rel="noreferrer noopener">Wall Street&#8217;s AI Server Darling? JPMorgan Says It&#8217;s Still Dell</a>
Dell&#8217;s online store offers lesser laptop and desktop discounts compared to the 2024 beginning, Bloomberg <a target="_blank" href="https://www.bloomberg.com/news/articles/2025-04-09/dell-reduces-computer-discounts-after-tariffs-rattle-business?srnd=phx-technology&amp;sref=TBDibEcD" rel="noreferrer noopener">reported</a> Thursday, citing Dell&#8217;s website.
CFO&nbsp;Yvonne McGill&nbsp;told investors in March that the company treated tariffs as an input cost intended to pass on to the customer.
The threat of disruption is particularly acute for electronics makers, who source their components and manufacturing labor from around the world. Consumer devices like laptops and smartphones lure customers by selling at the list price below under special offers.
Last week, Trump <a target="_blank" href="https://www.benzinga.com/news/global/25/04/44632479/retail-stocks-slammed-as-trumps-tariff-plan-sends-shockwaves-through-sector" rel="noreferrer noopener">announced sweeping tariffs</a> to boost global trade and American manufacturing.
These included a universal 10% tariff on all imports starting April 5 and significantly higher rates targeting around 60 countries for allegedly imposing barriers on U.S. goods.&nbsp;Many retailers and brands manufacture goods in China and Vietnam, which now have effective tariff rates of 125% and 46%, respectively.
Trump justified <a target="_blank" href="https://www.benzinga.com/trading-ideas/movers/25/04/44652183/whats-going-on-with-dell-technologies-today" rel="noreferrer noopener">using emergency powers</a> under the International Emergency Economic Powers Act of 1977, aiming to slash the U.S. trade deficit by $1.2 trillion.&nbsp;
Tech stocks, including hardware makers like Dell, lost value, fearing higher import costs and possible retaliatory tariffs from affected countries.
Dell&#8217;s drop also reflects concerns about exposure to foreign suppliers and the risk of rising component prices.
Dell stock plunged over 30% in the last 90 days. In March, JP Morgan analyst Samik Chatterjee stated that Dell&#8217;s <a target="_blank" href="https://www.benzinga.com/analyst-ratings/price-target/25/03/44334607/dell-analyst-says-expanding-ai-server-pipeline-could-drive-double-digit-earnings-growth" rel="noreferrer noopener">AI server revenue</a> could hit $15 billion in fiscal 2026, backed by 2,000+ enterprise deals and a $295 billion TAM opportunity.
Invesco QQQ Trust, Series 1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) that tracks the Nasdaq-100 Index lost over 12% in the last 90 days.
Price Action:&nbsp;DELL stock fell 6.24% to $78.97 on Thursday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/04/44732800/taiwan-semiconductor-reports-255-billion-q1-revenue-surges-42-in-despite-us-tensions" target="_blank" rel="noreferrer noopener">Taiwan Semiconductor Clocks Massive Q1 Revenue Growth Despite U.S. Tensions</a></li>
</ul>
Photo via Shutterstock

Government

Regulations

Media

Dell Cuts Discounts As Tariffs Hit, Passes Rising Cost To US Shoppers: Bloomberg

Shares of Dell Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>), Hewlett Packard Enterprise (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPE#NYSE">HPE</a>) and NetApp Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTAP#NASDAQ">NTAP</a>) are trading lower Thursday, following Wednesday's sharp rally, which was driven by President Donald Trump's surprise decision to pause tariffs on<a href="https://www.benzinga.com/25/04/44720006/markets-take-off-as-trump-announces-90-day-tariff-pause-for-non-retaliating-nations-slaps-china-with-125-duty"> non-retaliating countries.</a>
What To Know: That pause, intended to reward allies while imposing a steep 125% tariff on Chinese imports, had initially sparked a surge in risk appetite. Tech and hardware stocks led the rally as investors bet on improved trade conditions and economic momentum. But the sentiment has quickly shifted as the market digests the longer-term implications of an escalated trade conflict with China and the possibility of retaliation or disruption in the supply chain.
The pullback may suggest investors are locking in profits and bracing for volatility, especially in hardware and storage companies that depend heavily on global sourcing and international sales. With China facing aggressive new duties, uncertainty around costs, margins and demand is resurfacing. Treasury Secretary Scott Bessent emphasized the policy shift is meant to address decades of trade imbalances, but markets are now adjusting to the realization that the situation with China may become more unpredictable.
Tech stocks broadly are under pressure, with even major players like Apple, AMD and Nvidia facing losses. The broader move points to a reevaluation of Wednesday's rally and a return to more cautious positioning.
Price Actions: Dell was down 6.24% to $78.94, Hewlett Packard Enterprise dropped 5.24% to $13.74 and NetApp is off 4.44% to $82.28 at the time of publication Thursday, according to Benzinga Pro.
Photo: Shutterstock.

NTAP

Hardware, Tech Stocks Fall As Markets Pull Back From Tariff-Driven Rally: What's Going On?

AKAM

APPS

ASML

CDNS

CMTL

COHR

CSAI

DATS

ENPH

ENTG

FSLY

GDDY

GOOG

GOOGL

INTC

iShares Dow Jones US Technology Sector Index Fund

LAES

LDTC

LITE

LMFA

MASS

MPWR

MRVL

MSFT

NTNX

OKTA

OLED

OUST

PCOR

Penguin Solutions, Inc. - Ordinary Shares

PENG

PRSO

QCOC

RDZN

SAIL

SEDG

SHOP

SNCR

SNOW

SNPS

iShares PHLX SOX Semiconductor Sector Index Fund

SOXX

STAI

ZETA

Shares of technology stocks are trading lower amid an overall market reversal following Wednesday's surge.

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Information Technology sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NVDA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>04/11/25</td>
<td>$108.00</td>
<td>$29.8K</td>
<td>33.1K</td>
<td>62.5K</td>
</tr>
<tr>
<td>PLTR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/11/25</td>
<td>$80.00</td>
<td>$27.0K</td>
<td>9.7K</td>
<td>12.0K</td>
</tr>
<tr>
<td>INTC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/16/25</td>
<td>$22.00</td>
<td>$84.8K</td>
<td>31.8K</td>
<td>9.2K</td>
</tr>
<tr>
<td>MSTR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/17/25</td>
<td>$305.00</td>
<td>$575.4K</td>
<td>1.4K</td>
<td>6.6K</td>
</tr>
<tr>
<td>WOLF</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/16/25</td>
<td>$2.00</td>
<td>$30.0K</td>
<td>829</td>
<td>2.5K</td>
</tr>
<tr>
<td>AVGO</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$200.00</td>
<td>$108.0K</td>
<td>10.1K</td>
<td>1.3K</td>
</tr>
<tr>
<td>DELL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$115.00</td>
<td>$52.5K</td>
<td>1.4K</td>
<td>874</td>
</tr>
<tr>
<td>TSM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>04/17/25</td>
<td>$155.00</td>
<td>$26.5K</td>
<td>2.4K</td>
<td>792</td>
</tr>
<tr>
<td>LRCX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$60.00</td>
<td>$34.3K</td>
<td>1.0K</td>
<td>697</td>
</tr>
<tr>
<td>AMD</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/20/26</td>
<td>$155.00</td>
<td>$108.6K</td>
<td>1.8K</td>
<td>664</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• Regarding NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we observe a call option trade with bullish sentiment. It expires in 1 day(s) on April 11, 2025. Parties traded 139 contract(s) at a $108.00 strike. The total cost received by the writing party (or parties) was $29.8K, with a price of $215.0 per contract. There were 33144 open contracts at this strike prior to today, and today 62502 contract(s) were bought and sold. 
• For PLTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>), we notice a put option sweep that happens to be bullish, expiring in 1 day(s) on April 11, 2025. This event was a transfer of 410 contract(s) at a $80.00 strike. This particular put needed to be split into 24 different trades to become filled. The total cost received by the writing party (or parties) was $27.0K, with a price of $66.0 per contract. There were 9719 open contracts at this strike prior to today, and today 12047 contract(s) were bought and sold. 
• Regarding INTC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), we observe a call option sweep with bullish sentiment. It expires in 36 day(s) on May 16, 2025. Parties traded 786 contract(s) at a $22.00 strike. This particular call needed to be split into 31 different trades to become filled. The total cost received by the writing party (or parties) was $84.8K, with a price of $108.0 per contract. There were 31860 open contracts at this strike prior to today, and today 9251 contract(s) were bought and sold. 
• For MSTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), we notice a call option sweep that happens to be bearish, expiring in 7 day(s) on April 17, 2025. This event was a transfer of 1019 contract(s) at a $305.00 strike. This particular call needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $575.4K, with a price of $563.0 per contract. There were 1484 open contracts at this strike prior to today, and today 6664 contract(s) were bought and sold. 
• Regarding WOLF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOLF#NYSE">WOLF</a>), we observe a call option sweep with bearish sentiment. It expires in 36 day(s) on May 16, 2025. Parties traded 500 contract(s) at a $2.00 strike. This particular call needed to be split into 23 different trades to become filled. The total cost received by the writing party (or parties) was $30.0K, with a price of $60.0 per contract. There were 829 open contracts at this strike prior to today, and today 2527 contract(s) were bought and sold. 
• Regarding AVGO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), we observe a call option trade with bearish sentiment. It expires in 71 day(s) on June 20, 2025. Parties traded 135 contract(s) at a $200.00 strike. The total cost received by the writing party (or parties) was $108.0K, with a price of $800.0 per contract. There were 10154 open contracts at this strike prior to today, and today 1301 contract(s) were bought and sold. 
• Regarding DELL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>), we observe a call option trade with bullish sentiment. It expires in 281 day(s) on January 16, 2026. Parties traded 125 contract(s) at a $115.00 strike. The total cost received by the writing party (or parties) was $52.5K, with a price of $420.0 per contract. There were 1469 open contracts at this strike prior to today, and today 874 contract(s) were bought and sold. 
• For TSM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>), we notice a call option trade that happens to be bearish, expiring in 7 day(s) on April 17, 2025. This event was a transfer of 50 contract(s) at a $155.00 strike. The total cost received by the writing party (or parties) was $26.5K, with a price of $530.0 per contract. There were 2448 open contracts at this strike prior to today, and today 792 contract(s) were bought and sold. 
• Regarding LRCX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRCX#NASDAQ">LRCX</a>), we observe a put option sweep with bullish sentiment. It expires in 162 day(s) on September 19, 2025. Parties traded 50 contract(s) at a $60.00 strike. This particular put needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $34.3K, with a price of $690.0 per contract. There were 1039 open contracts at this strike prior to today, and today 697 contract(s) were bought and sold. 
• Regarding AMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), we observe a call option trade with bullish sentiment. It expires in 344 day(s) on March 20, 2026. Parties traded 300 contract(s) at a $155.00 strike. The total cost received by the writing party (or parties) was $108.6K, with a price of $362.0 per contract. There were 1846 open contracts at this strike prior to today, and today 664 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AVGO

LRCX

WOLF

10 Information Technology Stocks With Whale Alerts In Today's Session

Shares of hardware and storage stocks are trading lower amid overall tech weakness as stocks pull back after surging Wednesday following President Trump's tariff pause announcement.

Dell Technologies's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) short percent of float has risen 16.06% since its last report. The company recently reported that it has 15.52 million shares sold short, which is 4.77% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.45 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">List of the most shorted stocks</a>
<h3>Dell Technologies Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1744304427_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Dell Technologies has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Dell Technologies's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>, Dell Technologies's peer group average for short interest as a percentage of float is 8.89%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

What Does the Market Think About Dell Technologies?

Alexandria Ocasio-Cortez (D-N.Y.) has called for a disclosure by Congress members after observing that the Nasdaq call volume spiked minutes before President Donald Trump&#8216;s announcement on a tariff pause.
What Happened: Trump announced a pause in the tariffs in a Truth Social post around 1:18 p.m. ET on Wednesday.
However, the data shared by Spencer Hakimian, the founder of Tolou Capital Management and Unusual Whales, a popular social media commentator and online suite for data feeds and tools on options flows, showed that call volumes for various contracts started spiking around 1:00 p.m. ET.
AOC, in an X post, said that &#8220;Any member of Congress who purchased stocks in the last 48 hours should probably disclose that now.&#8221;
While the disclosure deadline is May 15, AOC added that &#8220;We're about to learn a few things. It's time to ban insider trading in Congress.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Any member of Congress who purchased stocks in the last 48 hours should probably disclose that now. I've been hearing some interesting chatter on the floor. Disclosure deadline is May 15th. We're about to learn a few things. It's time to ban insider trading in Congress. <a href="https://t.co/YBKMGbraAu">https://t.co/YBKMGbraAu</a>
&mdash; Alexandria Ocasio-Cortez (@AOC) <a href="https://twitter.com/AOC/status/1910153921252696559?ref_src=twsrc%5Etfw">April 10, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
On the other hand, Unusual Whales highlighted that SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) 509 calls expiring on Wednesday, April 9, surged 2100% in one hour.
Meanwhile, Invesco QQQ Trust, Series 1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) 406 calls expiring on April 17, also surged. &#8220;Insane, someone knew,&#8221; said Unusual Whales in its X post.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Alright, I think people knew of the tariff pause and traded it beforehand. You can see before Trump posted &quot;buy&quot; on Truth Social, traders opened <a href="https://twitter.com/search?q=%24QQQ&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$QQQ</a> <a href="https://twitter.com/search?q=%24TQQQ&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TQQQ</a> and <a href="https://twitter.com/search?q=%24SPY&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SPY</a> calls RIGHT BEFORE THE NEWS, someone opened <a href="https://twitter.com/search?q=%24SPY&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SPY</a> 509 calls, expiring TODAY!!!!!!!!!!!!!!!!!!!! Those calls are… <a href="https://t.co/8hG2i5Oijt">pic.twitter.com/8hG2i5Oijt</a>
&mdash; unusual_whales (@unusual_whales) <a href="https://twitter.com/unusual_whales/status/1910033260975165836?ref_src=twsrc%5Etfw">April 9, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/25/04/44705972/ford-motor-general-motors-to-witness-higher-demand-as-american-automotives-reap-the-fruit-of-protectionism-says-expert-heres-a-list-of-potential-gainers-and-losers">Ford, GM To Witness &#8216;Higher Demand&#8217; As American Carmakers Set To &#8216;Reap The Fruit Of Protectionism,&#8217; Says Expert: Here&#8217;s A List Of Potential Gainers And Losers From Trump Tariffs</a>
Why It Matters: Days before the pause, U.S. Rep. Marjorie Taylor Greene (R-Ga.) on Tuesday, April 8, disclosed the purchase of several stocks that faced steep drawdowns last week. This included tech giants Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) and Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>).
The purchases were made on April 3 and April 4, according to the <a href="https://www.benzinga.com/gov-trades/members/marjorie-taylor-greene">Benzinga Government Trades tracker</a>, and all trades reported in the filing have a reported value ranging from $1,000 to $15,000. 
Berkshire Hathaway Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>), Caterpillar Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAT#NYSE">CAT</a>), Dell Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>), and FedEx Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>) are some of the other <a href="https://www.benzinga.com/trading-ideas/long-ideas/25/04/44697177/marjorie-taylor-greene-buys-the-dip-congresswoman-purchases-shares-of-apple-amazon-nike-and-more-following-tariff-related-sell-off">17 total stocks she purchased</a>. 
Price Action: SPY rose by 10.50% on Wednesday, whereas QQQ advanced 12.00%.
Nasdaq 100 rose to exit the bear territory and was down 13.85% from its previous record of 22,222.61 points. The S&amp;P 500 was still in the correction zone, down 11.23% from its last high of 6,147.43 points. Whereas Dow Jones was 9.91% lower than its 52-week high of 45,073.63 points.
On Thursday, the futures of Dow were down by 0.22%, and the futures of S&amp;P 500 and the Nasdaq 100 index were 0.56% and 1.03% lower, respectively.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/government/regulations/25/04/44705659/cathie-wood-points-to-serious-liquidity-issues-as-overnight-borrowing-rate-spreads-widen-on-spiking-treasury-yields-this-crisis-is-calling-out-for-some-kind-of-mar-a-lago-accord">Cathie Wood Points To &#8216;Serious Liquidity Issues&#8217; As Overnight Borrowing Rate Spreads Widen On Spiking Treasury Yields: &#8216;This Crisis Is Calling Out For Some Kind Of Mar-a-Lago Accord&#8217;</a></li>
</ul>
Photo courtesy: Shutterstock

Broad U.S. Equity ETFs

Futures

Politics

ETFs

General

AMZN

SPY, QQQ Call Volumes Spiked Minutes Before Tariff Pause Announcement: Alexandria Ocasio-Cortez Demands Disclosure From Congress Members

ARQQ

ATGL

CMBM

DGNX

FICO

GWRE

INTZ

Maxeon Solar Technologies, Ltd. - Ordinary Shares

MAXN

QCOM

TTAN

Shares of companies in the broader technology sector are trading higher after President Trump issued a 90-day pause on reciprocal tariffs for all countries except China, which is restoring investor confidence.

ALGM

BBAI

CAMT

CRUS

CSIQ

CXAI

DGLY

DOCN

FSLR

INDI

INGM

IONQ

LFUS

LPTH

MKSI

MLGO

MOVE

MVIS

ONTO

RGTI

RMBS

SITM

SMTC

SWKS

TROO

TWLO

VNET

VSAT

ZBRA

Shares of companies within the broader tech sector are trading lower amid an overall market reversal on US-China trade tensions.

Press Releases

Dell Technologies Leads AI PC Movement with New, Redesigned PC Portfolio

Dell transforms AI PC portfolio for anywhere productivity

UKG and Dell Technologies Launch Solar Community Hub in Mexico in Collaboration With Tecnológico de Monterrey and Computer Aid International

Sophos Completes Secureworks Acquisition

Dell Technologies to Hold Conference Call Feb. 27 to Discuss Fourth Quarter and Full Fiscal 2025 Financial Results

Dell Technologies to Present at Investor Conference in March

Dell Technologies Accelerates Telecom Transformation with Comprehensive Program, Expanded Partnerships

Dell Technologies Delivers Fourth Quarter and Full-Year Fiscal 2025 Financial Results

Dell Technologies Accelerates Enterprise AI Innovation from PC to Data Center with NVIDIA

Dell Technologies Unveils Infrastructure Innovations Built to Power Modern AI-Ready Data Centers

SCWX

Apple

Comments

Dell Technologies

Unusual Options Activity for

Notizie

PARTENAIRE / CONTRIBUTEUR

BENZINGA MONDIAL

Date	Put/Call	Strike Price	Exp Date	DTE	Trade Vol	Day Vol	Vol / OI	OI	Trade Type	Sentiment
12:53 PMMar 21, 2025	PUT	$105.00	Mar 20, 2026	337	0	600	0	79	TRADE	BULLISH
10:26 AMMar 19, 2025	PUT	$105.00	Sep 19, 2025	155	1069	501	79	1352	SWEEP	BEARISH
10:00 AMMar 19, 2025	PUT	$105.00	Sep 19, 2025	155	0	567	0	1352	SWEEP	BEARISH
11:55 AMMar 17, 2025	CALL	$115.00	Sep 19, 2025	155	756	750	36	2089	TRADE	BEARISH
10:15 AMMar 17, 2025	PUT	$95.00	May 16, 2025	29	956	954	35	2712	SWEEP	BULLISH