Dell Technologies (NYSE: DELL) is having a miserable 2025 so far. Shares of the information technology giant are down 28% this year, driven by a mix of tepid quarterly results and the potential effect of the tariff war on the company’s prospects. Dell manufactures servers, personal computers (PCs), and other computer peripherals, sales of which could be affected by the Trump administration’s “reciprocal” tariffs considering that the company’s footprint is spread worldwide.