Shares in Dell Technologies surged to a record high on May 8 after Donald Trump publicly recommended the company and encouraged Americans to buy its products during a White House event. Dell stock surged as much as 14.6% during intraday trading on Friday, reaching an all-time high of $263.99. Shares later closed at $260.46, up roughly 12% for the day and closing the company’s strongest trading week in over two years. The rally added to a rise in Dell’s market value this year, with shares now up 107% year-to-date. The growing investor confidence in the company’s artificial intelligence business is another major factor behind the surge.
Donald Trump asks people to buy Dell stocks
Donald Trump made the remarks during a Mother’s Day event at the White House, where he thanked the Dell family by name and told attendees to “go out and buy a Dell.” The comments came several months after Michael and Susan Dell pledged $6.25bn to support Trump Accounts, a federal investment programme created under the One Big Beautiful Bill Act.
The initiative, scheduled to launch on 4 July 2026, will provide investment accounts for American children. Under the programme, the US Treasury Department plans to deposit $1,000 into accounts for US citizen children born between January 2025 and December 2028.
The Dell family’s contribution expands the programme by adding $250 for children born before that eligibility period who would otherwise not qualify. The funding will target families in ZIP codes with median household incomes of $150,000 or lower. Michael Dell said the contribution aimed to give children “a financial headstart” linked to long-term stock market participation.
The pledge is one of the largest philanthropic commitments tied to a sitting president’s policy initiative in recent years. According to Bloomberg, Michael currently has an estimated net worth of about $165 billion, making him the world’s seventh-richest person (via Money Wise).
Originally reported by Devanshi Basu on Mandatory.
