Dell Technologies (NYSE:DELL) stock is in a strong bull run, helped by a large US government contract and its role as a critical AI infrastructure company. It has jumped by 215% this year and 250% in the last 12 months, and analysts predict that it has more gains to go.
Dell Stock Surge Boosts Michael Dell's Net Worth By $72 Billion
The ongoing Dell stock surge has pushed its market capitalization to over $256 billion. This surge has helped to push Michael Dell's net worth by $72 billion this year to $213 billion, making him the 6th wealthiest person in the world.
Michael owns about 40% of Dell Technologies. At the same time, he owns DFO Management, an asset management company that manages his wealth and invests in hotels and liquid corporate credit.
Dell shares have jumped this year as the company became a major player in the AI infrastructure industry. That is because it sells items like servers and networking equipment that are used by the biggest hyperscalers.
