Donald Trump’s Personal Investment in Dell Pays Off Bigly
Dell has reported impressive fiscal-quarter earnings, largely attributed to the AI boom and support from President Donald Trump. The company's revenue surged 88% year over year, leading to a significant increase in its stock price. Trump's personal investment in Dell has raised questions about potential conflicts of interest, especially given his public endorsements of the company.
- ▪Dell's revenue jumped 88% year over year to $43.8 billion for the three months ending May 1.
- ▪Trump bought between $1 million and $5 million in Dell stock on February 10, just days before publicly endorsing the company.
- ▪Dell's AI server revenue skyrocketed 757% year over year to $16.1 billion, driving the company's overall success.
Opening excerpt (first ~120 words) tap to expand
Dell, most commonly known for its personal computers, reported its first fiscal-quarter earnings this week, and it’s doing very well, thanks, somewhat surprisingly, to the AI boom and a boost from President Donald Trump. The computer giant reported blockbuster first fiscal quarter earnings this week, with revenue jumping 88% year over year to $43.8 billion for the three months ending May 1.cnx.cmd.push(function(){cnx({"playerId":"92b7b46b-43ed-4e0e-b21b-2c999302d9d7","settings":{"advertising":{"macros":{"AD_UNIT":"/23178111854/od.gizmodo.com/article","CHILD_UNIT":"article","POST_ID":"2000765074","POST_TYPE":"post","CHANNEL":"tech","SECTION":"commerce","SUBSECTION":"","CATEGORIES":"commerce","TAGS":"ai,dell,donald-trump","NOP":"0"},"timeBeforeFirstAd":0}}}).render("cnx-player-main")}); The…
Excerpt limited to ~120 words for fair-use compliance. The full article is at Gizmodo.
Discussion
0 commentsMore from Gizmodo
