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Key Takeaways
- Concerns about memory chip prices weighed on a PC maker on Monday, Nov. 17, 2025, while a tech giant got a boost after a high-profile investor revealed a new stake.
- Shares of Dell dropped after Morgan Stanley suggested that surging prices for memory components could pressure the hardware maker’s margins.
- Alphabet shares gained ground after Berkshire Hathaway disclosed a new position in the Google parent.
A PC manufacturer came under pressure Monday after an analyst warned of margin headwinds from rising memory chip prices. Meanwhile, shares of a large tech firm advanced after a high-profile investor disclosed a stake.
Major U.S. equities indexes declined as the new trading week kicked off, ahead of earnings reports from artificial intelligence chipmaker Nvidia (NVDA) and several major retailers due over the coming days. The Nasdaq fell 0.8%, the S&P 500 slid 0.9%, and the Dow dropped 1.2%. For more from Investopedia on the day’s markets news, see here.
Several computer hardware manufacturers faced pressure Monday after Morgan Stanley analysts said surging prices for memory components could weigh on gross margins. Dell Technologies (DELL) shares dropped over 8% after the investment firm double-downgraded the PC and server maker’s stock to “underweight” from “overweight.” Morgan Stanley also downgraded Hewlett Packard Enterprise (HPE) stock to “underweight” from “equal weight,” and shares of the computer and printer specialist sank 7%.
The price of Bitcoin (BTCUSD) extended its recent losing streak, declining to its lowest level since April. Shares of Coinbase Global (COIN), owner of the largest U.S. cryptocurrency exchange, lost about 7%.
Shares of Generac Holdings (GNRC), a provider of standby power generation equipment, also declined around 7%. The stock has been trending lower since Oct. 29, when Generac posted weaker-than-expected results for the third quarter. The company noted that a decline in power outages weighed on sales of its residential generators during the period.
Shares of Google parent Alphabet (GOOG, GOOGL) jumped 3% to lead gains on the S&P 500 after a regulatory filing revealed Warren Buffett’s Berkshire Hathaway (BRK.A, BRK.B) snapped up a new stake in the tech giant. In addition, Alphabet’s YouTube TV reached an agreement with Walt Disney Co. (DIS), bringing an end to a carriage dispute that had resulted in the removal of ESPN and other Disney properties from the streaming service for several weeks.
Google also launched AI-enabled travel tools designed to help users build customized itineraries, integrating flight and hotel searches along with other services like event bookings and restaurant reservations. Operators of competing online travel booking platforms slid, with Expedia Group (EXPE) stock losing nearly 8%. Shares of Booking Holdings (BKNG) and Tripadvisor (TRIP) also moved lower.
