Dell Technologies shares soared to record heights Friday as the Texas-based hardware giant benefited from a public endorsement by the White House. During an event at the executive mansion, President Donald Trump urged the American public to "go out and buy" Dell computers to support domestic industry.
Shares soared as high as 14.6%, hitting an all-time record of $263.99/share, before paring gains slightly to 13%.
The presidential endorsement follows a massive $6.25 billion donation from Michael and Susan Dell to "Trump Accounts," a federal wealth-building initiative for children. This significant philanthropic commitment in December 2025 has shown a strong relationship between the billionaire founder and the current administration.
Beyond political tailwinds, the company is reaping the rewards of its dominant position in the artificial intelligence server and infrastructure market. Mizuho analyst Vijay Rakesh raised his price target on the stock Wednesday to $260.00 from $215.00, maintaining an Outperform rating.
Bank of America also lifted its price target to $246 in late May, arguing that the rise of agentic AI will drive a new wave of demand for CPU-intensive hardware. Analyst Wamsi Mohan noted that agentic AI "turns one discrete inferencing event into sequenced workflows, driving more inference events per task," a shift that positions Dell to capture significant share in the $496 billion AI server market.
