Donald Trump’s personal investment in Dell is paying off handsomely

Dell, best known for its personal computers, reported its fiscal first quarter results this week, and it’s doing very well, thanks, somewhat surprisingly, to the AI ​​boom and a boost from President Donald Trump.

The IT giant reported stellar results for its fiscal first quarter this week, with revenue up 88% year-over-year to $43.8 billion for the three months ending May 1.

The report beat Wall Street expectations and sent Dell stock up 39% on Thursday.

Fortunately for Trump, he purchased millions of dollars’ worth of Dell stock, as well as other tech stocks, in the first quarter, according to records from the U.S. Office of Government Ethics.

Specifically, he purchased between $1 million and $5 million worth of Dell stock on February 10. Nine days later, on February 19, Trump told his audience to “go out and buy a Dell computer.”

He again asked people to buy a Dell at a Mother’s Day event at the White House this month, after thanking Dell founder and CEO Michael Dell and his wife, Susan Dell, for donating to the president’s Trump Accounts initiative.

And it seems Dell isn’t just getting the president’s public support. This week, Dell landed a five-year, $9.7 billion contract with the Pentagon to help deliver Microsoft software to the U.S. military.

This seems like a win-win situation for everyone involved; However, this raises some pretty obvious questions about potential conflicts of interest and insider trading.

“Michael and Susan Dell are two of many entrepreneurs and philanthropists who have responded to President Trump’s call to action to invest in the next generation of Americans through Trump Accounts,” White House spokesperson Kush Desai said in an emailed statement to Gizmodo. “President Trump’s only interest is doing what’s best for the American people, and his glowing praise of the Dells can only be traced to their patriotic contribution of more than $6 billion to the Trump accounts of 25 million working-class American children.”

Aside from the president’s very public support, Dell’s success rests primarily on investors’ enthusiasm for AI. The company has focused more on assembling servers housing the chips needed to train and run AI systems. Dell said revenue from its AI server business soared 757% year over year to $16.1 billion. And the company believes the growth is only just beginning.

“We booked $24.4 billion in AI orders and recognized $16.1 billion in AI server revenue. We are increasing our AI server revenue forecast for FY27 to $60 billion, which only shows that the AI ​​opportunity shows no signs of slowing,” Jeff Clarke, Dell’s chief operating officer, said in a press release.

For comparison, Dell’s consumer division only generated $1.6 billion in revenue.

Overall, the company’s net income increased 256% to $3.4 billion. Its earnings per share came to $4.86.

Aside from Dell, Trump’s other pick-up tech stocks, including Oracle, Nvidia, and AMD, are also doing quite well. He bought between $1 million and $5 million worth of stock in each company during the first quarter of the year. Since then, all three companies have benefited from Wall Street’s obsession with AI and, in some cases, policies supported by the Trump administration’s own.

For example, Trump bought shares of Nvidia and AMD shortly before his administration authorized those companies to sell AI chips to China.

Apparently, it turns out that Trump’s portfolio could be a very good indicator of his policy priorities.

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