Dell Technologies’ Stock Skyrockets Following Presidential Endorsement
Dell Technologies witnessed a significant 13% increase in stock value on May 8, 2026. This surge followed an unexpected public endorsement from President Donald Trump, who encouraged Americans to “get out and buy a Dell.” Consequently, the stock reached an unprecedented high of $260.46, vastly outperforming the broader tech sector’s 3.44% gain on the same day.
This endorsement comes amidst Dell’s impressive performance in the AI infrastructure market. The company recently announced a record-breaking $43 billion AI server backlog. Additionally, Dell secured a major contract with TotalEnergies and Nvidia to construct the Pangea-5 supercomputer, a project valued at over $117 million. As a result, Dell’s AI-optimized server revenue saw a staggering 342% year-over-year increase in the fourth quarter of fiscal 2026, reaching a total of $9 billion.
Following these developments, several Wall Street analysts have revised their price targets for Dell. BofA increased its target to $246 from $205, while Mizuho raised theirs to $260 from $215. Dell is set to report its first-quarter fiscal 2027 earnings on May 28, 2026. The guidance projects an 87% increase in earnings per share compared to the same period last year.
Source: https://finance.yahoo.com/quote/DELL/