Stock Movers Dell Falls, Expedia Drops, Alphabet Rallies
Nov 17, 2025
Bailey Lipschultz, a Bloomberg News equities reporter, discusses significant market shifts. He explains a Morgan Stanley downgrade on Dell due to concerns about a memory supercycle impacting earnings. Lipschultz also highlights how Google's new AI booking feature pressured stocks like Expedia, which dropped significantly. Meanwhile, he notes that Alphabet's shares rallied after Warren Buffett's Berkshire Hathaway acquired a substantial stake, showcasing the dynamic interplay of tech and travel sectors.
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Memory Supercycle Risks Hardware Margins
- Morgan Stanley warned a memory "supercycle" can hurt OEM/ODM earnings by raising input costs and squeezing margins.
- Higher chip prices plus weaker consumer demand create a double hit for PC makers like Dell.
Big Run Reversed By Recent Selloff
- Dell surged earlier this year but has since retraced about 25% from its October peak.
- Short-term volatility can erase large earlier gains in hardware stocks.
Google AI Threatens Online Travel Agencies
- Google announced an AI feature that can book flights and hotels, pressuring online travel agencies.
- The announcement triggered sharp intraday declines for Expedia and Booking on market-share fears.