President Donald Trump told supporters on July 6, 2026, to “go out and buy a Dell computer,” days after renewed attention focused on his portfolio’s holdings in Dell Technologies.
Financial disclosures show the portfolio purchased between $1 million and $5 million in Dell stock on February 10, 2026, followed by smaller purchases in March. The company later received a $9.7 billion Pentagon contract.
U.S. Office of Government Ethics filings released in May 2026 show that on February 10, 2026, Trump’s discretionary accounts bought Dell shares valued between $1 million and $5 million when the stock closed at approximately $126.
Additional purchases followed on March 2, valued between $15,001 and $50,000, and on March 23, valued between $1,001 and $15,000. The Trump Organization has said third-party managers make investment decisions.
Public Endorsements
Trump first publicly encouraged supporters to buy Dell computers on February 19, 2026, nine days after the initial stock purchase.
Speaking at a rally in Rome, Georgia, he said, “Dell, go out and buy a Dell computer because they don’t care about that. They care about this. They make a great product.” He also thanked Michael and Susan Dell for their earlier donation.
He repeated similar remarks at later events, including a White House Mother’s Day gathering on May 8.
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On July 6, Trump again urged people to buy Dell products and referenced a family member’s preference for the brand while saying the Dells’ donation would be repaid “one way or another.”
Dell Family Donation and Pentagon Contract
On December 2, 2025, Michael and Susan Dell pledged $6.25 billion to Trump Accounts, a child investment program created under Trump administration legislation.
The funds provide an additional $250 to about 25 million eligible children under age 11 in targeted ZIP codes.
In late May 2026, the Pentagon awarded Dell Federal Systems a five-year, $9.7 billion contract to provide Microsoft software and cloud services across the Defense Department, intelligence community, and the U.S. Coast Guard.
According to the Pentagon, the agreement consolidates multiple previous contracts and is expected to generate annual savings of about $422 million.
Market Reaction
Dell Technologies shares rose following Trump’s July 6 comments. The stock has gained more than 200% since the February 10 purchase date, largely driven by strong demand for AI-optimized servers.
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In its most recent quarter, reported in May 2026, Dell posted revenue of $43.8 billion, up 88% year over year.
AI server revenue reached $16.1 billion, representing a 757% increase, and the company raised its full-year AI revenue guidance to $60 billion.
Ethics Questions
Dell’s market capitalization has increased by more than $180 billion during the same period. If Trump’s initial investment was held, it would represent significant unrealized gains as the share price rose from around $126 to above $400.
No evidence has been presented showing direct coordination between the stock purchases, Trump’s public endorsements, and the Pentagon contract award. Ethics filings disclose investment ranges rather than exact transaction amounts in some cases.
The sequence of events has prompted reporting on possible conflicts of interest involving presidential investments and government contracting decisions.
The White House has not issued a detailed response to Trump’s latest remarks beyond previous statements that third-party managers oversee the portfolio. The Pentagon has maintained that the Dell contract was part of a routine procurement consolidation.
