The artificial intelligence (AI) trade finally cracked. After months of resilience while utilities, real estate and consumer discretionary names took a beating, the market's favorite growth story is now the one getting sold, and investors sitting on big gains are rushing to lock them in.

AI server makers are bouncing back together after a sharp hardware selloff last week. Super Micro Computer (NASDAQ:SMCI | SMCI Price Prediction) stock is up 4% to $32.87 in morning trading, leading the group.

First Bank and Trust decreased its stake in Dell Technologies Inc. (NYSE: DELL) by 34.9% during the undefined quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,597 shares of the technology company's stock after selling 1,394 shares during the period.

A Wall Street downgrade and broader tech hardware sell-off sent Dell stock tumbling over 22% last week. Analysts at Barclays warned that recent server revenue gains reflect elevated component costs rather than immediate enterprise artificial intelligence adoption.

Counterpoint Mutual Funds LLC lessened its holdings in Dell Technologies Inc. (NYSE: DELL) by 7.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,630 shares of the technology company's stock after selling 1,325 shares during the quarter. Counterpoint Mutual Funds

A weekly summary of dividend activity for Dividend Champions, Contenders, and Challengers. Companies that changed their dividends. Companies with upcoming ex-dividend dates.

Dell just booked a record AI server backlog and its stock has already outpaced nearly every name on Wall Street this year, yet analysts say the real move may not have started yet.

While many tech firms are piling on debt for long-term AI projects, Michael Dell says just-in-time manufacturing cushions his eponymous company.