Trump praised Dell, bought its stock — now the company has landed a $9.7B Pentagon contract and shares are up 255%

Trump praised Dell, bought its stock — now the company has landed a $9. 7B Pentagon contract and shares are up 255% Rudro Chakrabarti Sun, May 31, 2026 at 4:15 PM GMT+2 7 min read DELL META Michael Dell got wealthier by $35. 8 billion in a single day.

(1) On Friday, May 29, shares of Dell Technologies (NYSE:DELL) jumped as much as 32% — the biggest single-day move in the company's history, eclipsing the 31. 6% record it set in March 2024. The pop added $35.

8 billion to founder Michael Dell's fortune, pushing his net worth to $245. 9 billion, sending him soaring past Meta's Mark Zuckerberg into the No. 6 spot on the global wealth rankings.

(1) Dell reported far better than expected earnings on May 28, which sent its stock higher on Friday. Notably, the company’s share price has also more than tripled (up 255%) since Trump's first endorsement on Feb. 19, when he urged Americans to “buy a Dell.

” Dell stock closed at $420. 91 on Friday, and is one of the best-performing large-cap technology stocks of the year. (2) Must Read Here’s how to get rich from rising US property values with as little as $100 — and without the stress of angry tenants Robert Kiyosaki says this 1 asset will surge 400% in a year and begs investors not to miss this ‘explosion’ Millionaires under 43 are reshaping investing — just 25% of their portfolios are in stocks.

Here’s where their money is going A federal ethics disclosure published this month shows that an account in President Donald Trump's name bought up to $5. 1 million worth of Dell stock in the first quarter. Trump publicly urged Americans to “buy a Dell” on two separate occasions, before Dell secured a Pentagon deal worth $9.

7 billion. (3) Dell stock jumps 32% as AI server revenue soars 757% Dell reported earnings after the bell on Thursday, and the numbers blew past what Wall Street expected. Revenue hit $43.

8 billion for the quarter, up 88% from a year earlier — analysts had penciled in about $35. 7 billion. Adjusted earnings came in at $4.

86 a share, against estimates closer to $2. 96. (4) Like many things this year, the driver was artificial intelligence.

Dell's AI-optimized server revenue hit $16. 1 billion in the quarter, up 757% from a year earlier, and the company said it booked $24. 4 billion in AI orders during the period.

Management raised its full-year AI server revenue target to $60 billion and lifted its overall revenue outlook to $167 billion. (4) Analysts were left flabbergasted. Morgan Stanley analyst Erik Woodring wrote that his team “got this one wrong” and put its price target under review, calling it “one of the most impressive quarters we've seen in our time covering Hardware.

” (5) The earnings beat capped a remarkable month for Dell. On May 27, the U. S.

Department of War awarded the company a $9. 7 billion, five-year contract to consolidate Microsoft software licenses across the military, the intelligence community and the Coast Guard — a deal officials said could save roughly $422 million a year initially. (6) Story Continues Trump bought Dell stock before publicly telling Americans to buy it In May, the Office of Government Ethics released two Form 278-T filings covering Trump's personal financial activity from January through March.

The documents — more than 100 pages — list more than 3,700 individual stock transactions, including more than 30 purchases of $1 million or more. The aggregate value falls in a broad band between roughly $220 million and $750 million. (3) Dell was among them.

According to the disclosure, Trump's account bought between $1 million and $5 million of Dell stock, plus smaller purchases, for a maximum of about $5. 1 million across the quarter. (3) Trump endorsed Dell twice.

He first told a crowd in Rome, Georgia, on Feb. 19 to "go out and buy a Dell computer. " Then, at a White House Mother's Day event on May 8, he said it again: "Go out and buy a Dell.

They're great. " The stock hit an all-time high that day, up about 14% intraday. (7) The same filings show purchases of Palantir , Nvidia, Micron and Intel — companies Trump went on to praise publicly or whose fortunes ran through his administration's policy decisions.

He bought Palantir at least 10 times, then talked it up on Truth Social. He bought Nvidia shortly before federal authorities cleared certain chip sales to China. (3) Read More: Taxes are going to change under Trump’s ‘big beautiful bill’ — 4 reasons you can’t afford to waste time The White House and the Trump Organization say the president does not direct the trades, and that they run through "automated investment processes.

" Eric Trump has said the family's assets sit in a blind trust , and that any suggestion individual stocks are bought or sold "at the discretion of any member of the Trump family, would be a lie and blatantly false. " The filings themselves do not specify who placed the trades. (7) No charges have been filed, and no insider trading has been proven.

But the optics have drawn sharp reactions — CNBC's Jim Cramer went silent on air in May for roughly 10 seconds when a co-host noted Trump had been trading Intel. Social media called it insider trading. Trump has repeatedly accused Nancy Pelosi of profiting from inside information, yet his quarter of trading dwarfs her three-year volume , and he was fined $200 for disclosing some trades late.

There's also the Dell family money. As Moneywise previously reported , founder Michael Dell and his wife, Susan, pledged $6. 25 billion to "Trump Accounts," the children's investment program in the One Big Beautiful Bill Act — the largest private commitment to the president's signature initiative.

The White House has not said whether the December gift and the later endorsements were connected. Should you buy Dell stock now? The rally isn't hollow.

Dell entered fiscal 2027 with a record $43 billion AI server backlog after booking more than $64 billion in AI orders last year. (4) Mizuho, Bank of America and Citigroup all raised their price targets in April and early May — before the May 8 White House event — citing enterprise demand for AI infrastructure. (7) The earnings were real, the backlog was real, and the $9.

7 billion government contract was real. Trump didn't manufacture any of that. What he added is harder to price.

A presidential endorsement that may never come again doesn't show up in a filing. Investors buying near record highs are paying for both: the AI boom they can see in the numbers, and the political tailwind they can't. Dell is up roughly 255% since Trump started talking.

Michael Dell has passed Zuckerberg. And the president's account holds shares of a company he keeps telling the country to buy. You May Also Like Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers.

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Subscribe now. — Article sources We rely only on vetted sources and credible third-party reporting. For details, see our editorial ethics and guidelines .

Forbes (1) ; Macrotrends (2) ; U. S. Office of Government Ethics (3) ; Dell Technologies/U.

S. Securities and Exchange Commission (4) ; CNBC (5) ; U. S.

Department of War (6) ; Fortune (7) This article originally appeared on Moneywise. com under the title: Trump praised Dell, bought its stock — now the company has landed a $9. 7B Pentagon contract and shares are up 255% This article provides information only and should not be construed as advice.

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