Overview
- Dell Technologies shares, following Friday’s White House remark to “buy a Dell,” hit an intraday record of $263.99 and closed at $260.46, up about 12%.
- The shout-out followed Michael and Susan Dell’s $6.25 billion pledge to expand Trump Accounts, which launch July 4, 2026, by adding $250 for 25 million children who fall outside the Treasury’s $1,000 grant for those born 2025–2028.
- Before the event, analysts at Mizuho, Bank of America, and Citigroup raised price targets, citing heavy demand for AI infrastructure from large customers.
- Dell reported more than $64 billion in AI orders and a $43 billion server backlog, and it expects AI server revenue to roughly double to about $50 billion this year, with first-quarter results due May 28.
- Critics alleged the president promoted a donor-linked stock, while separate reports said the Dells plan a $750 million gift to UT Austin for an AI data center.