President Trump publicly endorsed Dell at a White House press conference, telling Americans to purchase the company's computers and driving shares up 8% on Monday.

Dell stock rose as Trump Accounts launched their first market investments on July 6, 2026, marking a milestone for the investment program at a White House event where CEO Michael Dell was present. The stock’s 2026 rally has been driven primarily by explosive growth in artificial intelligence server demand rather than Trump’s earlier endorsement.

Trump purchased between $1 million and $5 million of Dell stock in February 2026, according to government ethics filings. On May 8, 2026, he publicly urged supporters to “go out and buy a Dell” at a White House event, triggering a 13-14% single-day surge.

The more significant catalyst came on May 29, 2026, when Dell reported first-quarter fiscal 2027 results that far exceeded expectations. The company’s AI server revenue jumped 757% year-over-year to $16.1 billion, surpassing revenue from its traditional PC business. Dell stock soared 32% that day, marking its best day ever.

In response to the strong demand, Dell raised its fiscal 2027 AI server revenue guidance to approximately $60 billion from $50 billion. The company reported total quarterly revenue of $43.8 billion, up 88% year-over-year, driven by a $51.3 billion AI-related backlog.

The rally reflects broader market recognition of Dell’s positioning in AI infrastructure. The company’s Infrastructure Solutions Group posted 73% year-over-year growth, with AI server revenue becoming the dominant business segment. Dell also announced a $9.7 billion Pentagon contract in late May 2026, adding to investor confidence.

Through early June, Dell stock had climbed more than 235% for the year, making it one of the market’s top performers. The gains reflect sustained demand for AI servers from data centers and enterprises building out AI capabilities.

Sources

CNBC — Dell’s AI server revenue surge of 757% and 32% single-day gain on May 29, 2026
Reuters — Dell’s raised guidance for $60 billion AI server revenue in fiscal 2027 and $9.7 billion Pentagon contract
The New York Times — Trump’s purchase of $1-5 million in Dell stock in February 2026 and May 8 endorsement
The Street — Trump’s Dell stock holdings and AI server revenue growth context
MarketWatch — Dell stock performance and market data for July 6, 2026
700WLW — Trump Accounts launch event on July 6, 2026 with Michael Dell present

About the author, Chris Martin

Chris Martin is a US economics and current affairs journalist covering the intersection of policy, markets, and everyday financial life. With a background in financial reporting and a sharp eye for the stories behind the numbers, Chris brings clarity to some of the most complex issues shaping the American economy today. At ECIKS.org, Chris covers breaking developments across domestic economic policy, business strategy, Wall Street movements, and political decisions that ripple through financial markets. His reporting blends rigorous data analysis with accessible storytelling making critical information useful for investors, entrepreneurs, and engaged citizens alike.