U.S. stock market anomaly | Dell Technologies (DELL.US) fell 7% and was downgraded by Morgan Stanley to "underweight"

According to the Securities Times app, on Monday, Dell Technologies (DELL.US) fell by 7% to $124.40. On the news front, Morgan Stanley downgraded its stock rating from "hold" to "sell" on November 16, lowering the target price from $144 to $110, sparking concerns in the market about Dell's profit prospects. The report stated that the spot price of DRAM has surged by 260% in the past two months, while NAND flash memory prices have risen by over 50% since the beginning of the year. Dell, with DRAM costs accounting for 10% to 70% of the bill of materials in its high-end products, will face a downward pressure of 45 to 150 basis points on its gross profit margin for every 10% increase in storage chip prices.