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Times of India

Trump praises Michael Dell and urges Americans to buy Dell PCs as DELL closes up 4.4%

AI Market Summary
Dell shares rallied after Trump's public praise, but analysts attribute the move primarily to fundamentals: accelerating AI server demand, $24.4B in disclosed AI orders, and an increased full-year AI server revenue outlook. The news reinforces the market's focus on hyperscaler-driven AI infrastructure spending. Separately, ethics criticism highlights headline risk around perceived political endorsements and potential government contract implications.
Impact level
● Medium
Affected assets
NCSKDELL2USD/USDT+5.24%
AI Insight · NCSKDELL2USD/USDTAI Insight
▲ Bullish
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Donald Trump publicly praised Michael and Susan Dell while ringing the stock market’s opening bell from the White House and urged Americans to buy a Dell computer, as DELL shares rose nearly 9% intraday and finished up 4.4%. Analysts said the move was driven more by Dell’s fast-growing AI server business, highlighted by $24.4 billion in AI orders disclosed in May and a $60 billion full-year AI server revenue target. Dell also reported a 757% year-over-year increase in AI server revenue. Michael Dell’s net worth has moved into the world’s top five, surpassing Oracle cofounder Larry Ellison.
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