WASHINGTON, July 6, 2026, 12:09 EDT
- Dell was out front among stocks linked to Trump Accounts after President Donald Trump urged Americans to buy Dell computers.
- The stock’s gain in market value during the day was around 3.7 times the $6.25 billion pledged by the Dell family.
- Investors are sticking with the AI server angle at Dell, not the consumer PC side.
Dell Technologies NYSE:DELL was up 5.6% Monday during regular U.S. trading after President Donald Trump singled out founder Michael Dell in remarks at a White House event for Trump Accounts. “Go out and buy a Dell computer,” Trump said. Dell shares last traded at $416.44 at 11:54 a.m. EDT, with a session high at $429.66. Based on Dell’s market cap and share price, the stock’s midday gains came to around $14.5 billion, and about $23.2 billion at the peak. Barron’s
The market’s paper gain crossed the $6.25 billion in charity Michael and Susan Dell put up for Trump Accounts. That Dell pledge meant an extra $250 for each of the first 25 million U.S. kids age 10 and under in the right ZIP codes, according to the White House. At Monday’s high, Dell’s market cap had grown to about 3.7 times what they committed.
| Measure | Dell read-through |
|---|---|
| Price near midday | $416.44 |
| Change from previous close | up 5.6% |
| Intraday high | $429.66 |
| Market value added near midday | about $14.5 billion |
| Market value added at high | about $23.2 billion |
| Dell family pledge | $6.25 billion |
Other Trump Accounts-linked names traded mixed. Micron Technology NASDAQ:MU, which said last week it would commit $250 million, gained 3.5%. Visa Inc NYSE:V slipped 2.3%, and Comcast Corp NASDAQ:CMCSA dropped 0.9%. The SPDR S&P 500 ETF Trust NYSEARCA:SPY rose 0.8%.
| Company or fund | Ticker | Midday move |
|---|---|---|
| Dell Technologies | NYSE:DELL | shares were up 5.6% |
| Micron Technology | NASDAQ:MU | added 3.5% |
| Visa | NYSE:V | down 2.3% |
| Comcast | NASDAQ:CMCSA | slipped 0.9% |
| SPDR S&P 500 ETF Trust | NYSEARCA:SPY | up 0.8% |
Trump said the first $1,000 payments had landed in over 500,000 Trump Accounts, covering U.S. kids born from 2025 to 2028. He rang the opening bell remotely from the Oval Office with Nasdaq Inc NASDAQ:NDAQ and Intercontinental Exchange Inc NYSE:ICE executives. Reuters said Visa, Dell, Comcast, and Micron pledged employer matches or starter funds.
Dell isn’t targeted by the account flows. At launch, Treasury said all funds would go into State Street’s SPDR Portfolio S&P 500 ETF (NYSEARCA:SPYM), with iShares and Vanguard index funds joining later. So Dell’s action Monday amounts to a political endorsement trade, not a flow-driven stock pick—at least outside the broad index.
Dell’s numbers show why the stock has caught investor attention this year. In May, Dell posted an 88% jump in fiscal first-quarter revenue to $43.84 billion. Revenue from AI-optimized servers was up 757% to $16.13 billion. That topped commercial client revenue at $13.02 billion and was much higher than consumer at $1.59 billion.
| Dell fiscal Q1 FY27 line item | Revenue | Year-on-year change |
|---|---|---|
| Total net revenue | $43.84 billion | up 88% |
| AI-optimized servers | $16.13 billion | up 757% |
| Traditional servers and networking | $8.54 billion | up 92% |
| Commercial client | $13.02 billion | up 18% |
| Consumer client | $1.59 billion | up 9% |
Dell COO Jeff Clarke said the company “booked $24.4 billion in AI orders” and recognized $16.1 billion in AI server revenue for the quarter. CFO David Kennedy said Dell is now guiding for full-year revenue of $167 billion at the midpoint. These numbers put Dell’s earnings story in a different league than just a headline endorsement from Trump. Dell
The Treasury said July 4 that over 50 companies have pledged to offer Trump Account contributions for their employees’ kids. Two days earlier, the Treasury and IRS said they’ll take sizable gifts of publicly traded stock for the new accounts, and that sign-ups had already topped six million families before the launch.
Experts remain divided on the policy. Andy Blocker, who heads policy, regulatory and government relations at Edward Jones, said a $1,000 starter deposit helps people get past the “barrier of having nothing to start with.” But Adam Michel, director of tax policy studies at the Cato Institute, said employer matches would mostly help families with stable jobs and some cash to put away. Reuters
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