Stock Movers Closing Bell: Super Micro Plunges, Dell Rises, Arm Gains
Mar 20, 2026
Coverage of a dramatic share plunge tied to alleged export-control violations and related legal fallout. Discussion of a rival tech firm rallying amid those developments. Market moves from an analyst upgrade for a chip-design company and its AI server implications. Broader market themes include volatility, rising yields, and geopolitical risk shaping investor sentiment.
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Oil Spike Fuels Risk Off Market Moves
- Energy drove the day's risk-off move as WTI and Brent spiked above $97 and $112 respectively before easing.
- Oil's intraday highs (WTI near $97, Brent up to $113 intraday) amplified market volatility and sector divergence.
FedEx Intraday Screen Mixup and Rally
- Carol Massar highlighted FedEx's dramatic intraday moves, confusing a 27% reading with the actual ~7.6% gain.
- The stock rallied on a raised profit forecast and restructuring updates but pulled off its session highs.
Arm Transitioning Into AI Server CPU Play
- Arm's business is shifting from smartphone-focused IP to being a major AI server CPU beneficiary.
- HSBC raised Arm's price target to $205 and called the stock undervalued for its AI server upside, fueling a near 2% gain at the close.