Dell Wins $9.7B Pentagon Deal Amid Trump Ties and AI Stock Surge
Dell Technologies secured a $9.7 billion, five-year Pentagon contract to provide Microsoft 365 and cloud services to the U.S. military, following CEO Michael Dell’s $6.25 billion pledge to Trump-linked child accounts and President Trump’s public endorsement of Dell products. The deal sparked conflict-of-interest questions as Trump held up to $5.1 million in Dell stock. Separately, Dell’s AI server revenue surged 757%, driving a 32.76% stock jump and record earnings.
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Dell Stock Surges 255% After Trump Endorsement and $9.7B Pentagon Deal
Dell Technologies shares surged 32% on May 29, 2026, the largest single-day gain in company history, following better-than-expected earnings driven by a 757% jump in AI server revenue. The stock has risen 255% since President Donald Trump publicly urged Americans to 'buy a Dell' in February 2026. A federal ethics disclosure revealed that an account in Trump's name held up to $5.1 million in Dell stock during the first quarter. On May 27, Dell secured a $9.7 billion, five-year Pentagon contract to consolidate Microsoft software licenses across the U.S. military, intelligence community, and Coast Guard. Founder Michael Dell added $35.8 billion to his net worth in a single day, reaching $245.9 billion. Analysts called the earnings report one of the most impressive in hardware history.
Yahoo FinanceTrump Praised Dell, Bought Stock; Company Lands $9.7B Pentagon Contract, Shares Surge 255%
Dell Technologies shares surged 32% on May 29, 2026, following a massive earnings beat driven by AI server revenue, which rose 757% year-over-year to $16.1 billion. The company also secured a $9.7 billion, five-year Pentagon contract to consolidate Microsoft software licenses across the U.S. military and intelligence community. President Donald Trump publicly urged Americans to 'buy a Dell' on two occasions and his personal account bought up to $5.1 million in Dell stock in Q1. Since Trump's first endorsement on Feb. 19, Dell shares have more than tripled, up 255%. Founder Michael Dell's net worth increased by $35.8 billion in a single day, pushing him past Meta's Mark Zuckerberg to become the world's sixth-richest person.
Yahoo FinanceNancy Pelosi Stock Tracker Flags Dell's $9.7 Billion Pentagon Win After Trump Praise; Shares Surge 48%
A social media account known as the Nancy Pelosi Stock Tracker highlighted that Dell Technologies was awarded a $9.7 billion, five-year Pentagon contract for software services, including Microsoft 365 and cloud subscriptions, just weeks after President Donald Trump publicly praised the company. Trump had urged people to 'go out and buy a Dell' during a White House event, following a pledge by CEO Michael Dell to contribute $6.25 billion to child investment accounts tied to Trump. The timing has sparked debate about potential conflicts of interest, as Trump has previously bought stakes in companies before praising them. Dell's stock surged 48% in the month leading up to the announcement. The company is set to report quarterly earnings shortly after the news broke.
Yahoo FinanceDell Stock Hits All-Time High on Blockbuster AI-Driven Earnings
Dell Technologies shares surged 32.76% to a new all-time high on Friday, May 29, 2026, following a blockbuster fiscal 2027 first-quarter earnings report. Revenue jumped 88% year-over-year to $43.8 billion, driven by a 757% surge in AI-optimized server sales to $16.1 billion. The Infrastructure Solutions Group, housing Dell's data center businesses, saw revenue rocket 181% to $29 billion. Adjusted net income leaped 194% to $3.2 billion, with adjusted earnings per share soaring 214% to $4.86. Dell raised its full-year revenue guidance to between $165 billion and $169 billion, representing 47% growth, and expects adjusted earnings of $17.90 per share. COO Jeff Clarke noted the company now expects AI server revenue of $60 billion for the fiscal year, indicating the AI opportunity continues to accelerate. The article positions Dell as a top AI stock but notes it was not among the Motley Fool's recommended top 10 stocks.
Yahoo FinancePentagon's $9.7 Billion Dell Deal Raises Trump Conflict of Interest Questions
The Pentagon announced a $9.7 billion, five-year contract with Dell Technologies to provide Microsoft software and cloud services as part of a consolidation effort. The deal has sparked questions about potential conflicts of interest involving President Trump, who has publicly praised Dell's products and purchased significant amounts of Dell stock. The contract, awarded by the Department of Defense, is one of the largest IT agreements in recent years and comes amid heightened scrutiny of Trump's business ties and financial interests while in office. Critics argue the timing and Trump's personal financial stake in Dell raise ethical concerns, though no formal investigation has been announced.
Just In NewsDell stock skyrockets 32% for its best day ever as AI server revenue soars
Dell Technologies shares surged 32.76% on Friday, marking the company's best trading day ever, after reporting first-quarter earnings that showed the fastest revenue growth since returning to the public market in 2018. Quarterly revenue soared nearly 88% year-over-year, driven by a 757% increase in AI server revenue to $16.1 billion. Adjusted earnings per share of $4.86 far exceeded analyst expectations of $2.94. Analysts at Morgan Stanley acknowledged underestimating the results, calling it one of the most impressive quarters in hardware coverage. The stock is up 234% in 2026. The report also highlighted CEO Michael Dell's ties with President Donald Trump, including a $6.25 billion gift to fund Trump Accounts and a recent $9.7 billion Pentagon contract. Trump publicly endorsed Dell at a White House event and disclosed personal purchases of Dell shares.
US Top News and AnalysisDell stock skyrockets 32% for its best day ever as AI server revenue soars
Dell Technologies shares surged 32.76% on Friday, marking the company's best trading day ever, after reporting first-quarter earnings that showed revenue growth at its fastest pace since returning to the public market in 2018. AI server revenue skyrocketed 757% year-over-year to $16.1 billion, driving overall quarterly revenue up nearly 88%. Adjusted earnings per share of $4.86 far exceeded analyst expectations of $2.94. Analysts at Morgan Stanley acknowledged they 'got this one wrong' and called it one of the most impressive quarters in hardware coverage. The stock is up 234% in 2026. Separately, Dell recently secured a $9.7 billion Pentagon contract, and President Trump publicly endorsed the company after Michael and Susan Dell donated $6.25 billion to fund Trump Accounts for children.
US Top News and AnalysisDell wins $9.7 billion Pentagon software deal after courting Trump administration
The U.S. Department of Defense announced a five-year, approximately $9.7 billion contract with Dell to provide Microsoft 365, cloud subscriptions, and on-premises licensing to the U.S. military. The deal, named the Microsoft Department of War Enterprise Software Agreement II, was awarded to Dell Federal Systems after a competitive process, according to Pentagon officials. The announcement follows Michael Dell's $6.25 billion pledge to fund 'Trump accounts' for children and President Trump's public endorsement of Dell products at a White House event. Dell has also joined Trump's Council of Advisors on Science and Technology. Pentagon officials stated the contract will streamline licensing, eliminate redundancies, and save an estimated $422 million annually by consolidating IT budgets across military branches and agencies.
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