Dell Technologies Inc.

(NYSE:DELL) stock faced intense selling pressure on Wednesday.

After dropping 4% in premarket trading, the stock declined further during the regular trading session, falling over 13%.

The Nasdaq is down 1.08% while the S&P 500 has shed 0.13%, and Technology is the weakest sector on the day — down 2.6%.

Peer companies also traded lower, with Hewlett Packard Enterprise Co.