Michael Dell loses $15.1 billion in one day amid AI sector volatility

Michael Dell saw his personal fortune drop by $15.1 billion in a single trading session as Dell Technologies shares fell 5.82% to $534.28. The decline followed calls from AI industry leaders, including Dario Amodei of Anthropic, Sam Altman of OpenAI, and Elon Musk, to slow down the development of advanced AI models. Despite the recent drop, Dell Technologies stock had previously surged 321% since January due to high demand for servers equipped with Nvidia chips.