Key Highlights
- During a Friday White House gathering, President Trump encouraged Americans to purchase Dell products
- Shares of DELL climbed as much as 14.6%, reaching a historic peak of $263.99 before stabilizing near 13% gains
- The public backing arrived months after Michael and Susan Dell committed $6.25 billion to Trump’s federal children’s wealth program in December 2025
- Wall Street firms Mizuho and Bank of America have recently elevated their price projections for the stock
- Competitor Super Micro (SMCI) climbed more than 5%, benefiting from its positive quarterly outlook
Shares of Dell Technologies (DELL) reached unprecedented levels Friday following President Donald Trump’s public recommendation of the company’s products during a White House gathering.
During his remarks, Trump expressed appreciation for the “Dell family,” noting they had “done such a job” before encouraging attendees: “Go out and buy a Dell, they’re great.” The stock rallied as much as 14.6%, touching a record $263.99 per share, before moderating to approximately 13% gains.
These remarks followed a $6.25 billion contribution from Michael and Susan Dell to “Trump Accounts” in December 2025 — a federal initiative aimed at building wealth for American children.
As of 1:01 PM ET, shares were changing hands at $253.64, representing a 10.15% advance for the session.
The presidential endorsement amplified momentum in a stock already drawing heightened attention from Wall Street researchers.
Mizuho analyst Vijay Rakesh increased his price objective on DELL to $260 from $215 on Wednesday, maintaining an Outperform rating. Bank of America elevated its target to $246, with analyst Wamsi Mohan highlighting agentic AI as a significant demand catalyst for Dell’s hardware portfolio.
AI Server Market Expansion Benefits Dell
Mohan described how agentic AI “turns one discrete inferencing event into sequenced workflows, driving more inference events per task.” This evolution could generate increased demand for CPU-intensive hardware — the exact category where Dell maintains strong positioning.
Bank of America projects Dell can capture meaningful share of the $496 billion AI server market.
Super Micro (SMCI) advanced more than 5% on Friday as well. The company rallied earlier in the week following its above-consensus quarterly forecast and reduced concerns regarding a Department of Justice investigation. Analysts interpreted Super Micro’s guidance as evidence of broader strength throughout the AI server industry.
Dell plans to release its Q1 FY2027 earnings on May 28.
Wall Street Projections Before the Rally
Prior to Friday’s surge, Mizuho’s elevated target of $260 already exceeded the stock’s previous trading range. The new historic high of $263.99 temporarily surpassed that projection.
Bank of America’s $246 target was established in late May, before the presidential remarks drove shares to even loftier levels.
Dell’s upcoming scheduled event is its earnings announcement on May 28, where market participants will scrutinize AI server revenue performance.
