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Dell Technologies Inc. (NYSE: DELL) surged to an all-time high on Friday after receiving a public endorsement from President Donald Trump during a White House event. The president encouraged Americans to “go out and buy” Dell computers as part of a push to support U.S.-based technology manufacturing, sending investor optimism sharply higher.
Dell shares climbed as much as 14.6% intraday, reaching a record $263.99 before trimming gains slightly. The stock still closed up more than 13%, reflecting strong market confidence in Dell’s expanding role in the artificial intelligence infrastructure sector.
The rally comes months after Dell founder Michael Dell and his wife Susan Dell reportedly contributed $6.25 billion to the “Trump Accounts” initiative, a federal wealth-building program designed for children. The donation strengthened ties between the Dell family and the current administration, further boosting investor sentiment around the company.
Beyond political momentum, analysts continue to highlight Dell’s growing dominance in the AI server market. Mizuho analyst Vijay Rakesh recently raised his price target on Dell stock from $215 to $260 while maintaining an Outperform rating. Analysts believe rising enterprise demand for AI servers, data center infrastructure, and advanced computing solutions could significantly benefit Dell over the next several years.
Bank of America also increased its Dell price target to $246, citing the rapid emergence of agentic AI technologies. According to analyst Wamsi Mohan, agentic AI creates more complex and sequential inference workloads, increasing demand for high-performance CPU and server infrastructure. This trend could position Dell to capture a larger share of the rapidly expanding $496 billion AI server industry.
The broader AI hardware sector also gained momentum after Super Micro Computer (NASDAQ: SMCI) issued stronger-than-expected quarterly guidance, easing concerns about a Department of Justice investigation.
Investors are now closely watching Dell’s upcoming Q1 FY2027 earnings report, scheduled for May 28, for further insight into AI-driven growth trends.
