- Dell Technologies shares have climbed significantly since early May following public support from Donald Trump and a massive federal deal
- The United States government finalized a 9.7 billion dollar contract with Dell to provide advanced infrastructure and technology services
- Bank of America analysts recently reiterated a buy rating on the stock citing multiple catalysts including artificial intelligence server growth
- Despite the recent rally the company faced a temporary 18 percent dip in late May due to investor concerns over near zero margins on AI server sales
- Market experts note that Dell AI server backlog reached 3.8 billion dollars as the company targets total annual sales between 93.5 billion and 97.5 billion dollars
Dell stock surges following Trump endorsement and major government contract announcement
May 28, 2026, 9:59:16 PM UTC(17 hours ago)
Impact: Medium
Affected Assets
Sources
From:@WatcherGuru
JUST IN: 🇺🇸 $DELL is up 57% since President Trump said to buy the stock on May 8th.
Yesterday, the US government announced a $9.7 billion contract with Dell. https://t.co/KAnIWZdwIP
