Donald Trump's recent 'buy a Dell' comment has led to a significant surge in Dell Technologies' stock price, with the company's shares soaring by over 14% at one point. The stock touched an all-time high of $263.99 on Friday, before closing at $260.46.
The incident has raised allegations of Trump engaging in quid pro quo, as the owners of Dell, Michael Dell and Susan Dell, have donated $6.25 billion to Trump's 'Trump Accounts' initiative, which aims to support newborns.
Experts, however, note that the stock price boost was also due to a $43 billion backlog in the AI and data center market.
Separately, the Dell family has announced a $750 million donation to the University of Texas at Austin, which will be used to build an AI-focused data center on campus.
