Dell, most commonly known for its personal computers, reported its first fiscal-quarter earnings this week, and it’s doing very well, thanks, somewhat surprisingly, to the AI boom and a boost from President Donald Trump. The computer giant reported blockbuster first fiscal quarter earnings this week, with revenue jumping 88% year over year to $43.8 billion for the three months ending May 1. The report blew past Wall Street expectations and sent Dell’s stock soaring 39% on Thursday. Fortunately for Trump, he conveniently bought millions of dollars’ worth of shares in Dell, as well as other tech stocks in Q1, according to records from the U.S. Office of Government Ethics. Specifically, he bought between $1 million and $5 million in Dell stock on Feb. 10. Just nine days later, on Feb. 19, Trump told an audience to “go out and buy a Dell computer.”
He again told people to buy a Dell at a Mother’s Day event at the White House this month, after thanking Dell founder and CEO Michael Dell and his wife, Susan Dell, for their donation to the president’s Trump Accounts initiative. And it seems Dell isn’t just getting public endorsements from the president. This week, Dell landed a five-year, $9.7 billion Pentagon deal to help supply Microsoft software to the U.S. military.
