Trump urged you to ‘buy a Dell’ while holding the stock — now it’s up 255%. Enrich yourself even outside the White House

Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. Michael Dell got $35.8 billion richer 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. Top Picks Here’s how to get rich from rising US property values with as little as $100 — and without the stress of angry tenants Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake — here’s how to fix it ASAP The IRS usually taxes gold as a collectible — but this little-known strategy lets you hold physical bullion tax-free. Get your free guide from Priority Gold Dell reported far better than expected earnings on May 28, which sent its stock higher. 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 $422.05 on June 4 and is one of the best-performing large-cap technology stocks of the year (2). But the story doesn’t end with Dell’s exceptional balance sheet — it also veers into the White House. 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, 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. 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).”