Shares of the Texas-based hardware giant surged to unprecedented levels on Friday, riding a wave of enthusiasm following a significant endorsement from the White House. During a notable event at the executive mansion, President Donald Trump publicly urged Americans to “go out and buy” Dell computers, a call that resonated with consumers and investors alike.
The surge saw Dell’s stock price climb as high as 14.6%, reaching an all-time peak of $263.99 per share before settling at a still impressive gain of 12%. This endorsement is particularly poignant given the company’s ongoing efforts to solidify its position in the competitive artificial intelligence server market.
A noteworthy contributor to the positive sentiment surrounding Dell is a major philanthropic commitment made by Michael and Susan Dell. In December 2025, the couple donated $6.25 billion to “Trump Accounts,” a federal initiative aimed at fostering wealth-building opportunities for children. This substantial donation exemplifies a close relationship between the Dell family and the current administration, potentially enhancing the company’s visibility and favorable perception.
Analysts are bullish on Dell’s prospects, especially in the AI sector. Mizuho’s analyst Vijay Rakesh recently elevated his price target for Dell’s stock from $215.00 to $260.00, maintaining an Outperform rating. This optimism is echoed by Bank of America, which raised its price target to $246 in late May. The rise of agentic AI is anticipated to stimulate demand for CPU-intensive hardware, a domain where Dell is strategically positioned. Analyst Wamsi Mohan highlights that agentic AI transforms discrete inferencing events into more complex, sequenced workflows, potentially increasing the number of inference events per task and opening new avenues for Dell in the projected $496 billion AI server market.
Further bolstering this momentum, rival companies in the sector are also reporting strong performance. Notably, Super Micro’s stock experienced a surge after it forecasted quarterly results that exceeded expectations, alleviating concerns regarding an ongoing investigation by the U.S. Justice Department. This trend suggests a robust landscape for the AI server sector, as companies like Dell stand poised to capture a substantial share of growing demand.
As anticipation mounts, Dell is scheduled to report its Q1 results for FY2027 on May 28, an event that could further impact stock performance amidst an evolving market landscape.
