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Dell Technologies Shares Rise After Presidential Praise for Company Investments
Dell Technologies gained investor attention after the president praised the company's founder and its multibillion-dollar investments during a public speech. The president encouraged purchases of the company's products. Separately, an analyst raised the price target on the stock citing artificial intelligence demand, while the company reported ongoing workforce reductions.
May 9, 1:56 PM·1m read1 source
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Dell Technologies Inc. gained investor attention after the president praised the company's founder during a public appearance. The president highlighted the company's early entrepreneurial success and its multibillion-dollar investments in operations.
"They put up a lot of money," the president said. "So go out and buy a Dell. " The remarks were made during a recent speech posted by the White House on YouTube. The company has been expanding its role in artificial intelligence infrastructure.
Mizuho analyst Vijay Rakesh maintained an Outperform rating on Dell Technologies and raised the price target to $260 from $215. The analyst cited expanding enterprise demand tied to artificial intelligence infrastructure. Dell Technologies recently deepened its partnership with Trust3 AI.
The companies plan to strengthen security and governance features across the company's enterprise storage platforms. The initiative targets customers building AI-powered analytics systems in highly regulated sectors. The collaboration focuses on helping enterprises manage AI workloads while maintaining compliance standards.
Dell Technologies expects the integration to support broader adoption of AI-ready infrastructure. The partnership also expands the company's presence in enterprise data lakehouse systems.
March, the company said it had about 97,000 employees as of Jan. 30, 2026. It continued cost-cutting efforts through reorganizations and limited hiring. Modernization initiatives further reduced overall headcount during fiscal 2026. Dell Technologies disclosed roughly $600 million in severance expenses tied to workforce reduction activities.
