President Trump told Americans to “go out and buy a Dell computer” on Monday — sending shares of the Texas-based tech giant soaring as much as 7.8% in intraday trading.
Dell shares shot up after the president praised founder Michael Dell and his wife, Susan, during a launch event for Trump Accounts, the savings accounts that the billionaire couple has prominently backed.
“Michael and Susan Dell, they are truly incredible,” Trump said from the Oval Office after ringing the opening bell for Monday’s trading session on Wall Street.
The Dells have pledged more than $6 billion to the Trump Accounts initiative, which launched July 4.
“We’re going to get him that money back one way or the other — and then I’ll ask for another $6 billion … We’ll start the whole process all over again,” Trump said of Michael Dell.
Trump’s investment accounts bought between $1 million and $5 million of Dell stock in February.
The government has deposited the first $1,000 into over 500,000 Trump Accounts, Trump said Monday.
The program provides tax-advantaged investment accounts for children, including the one-time contributions of $1,000 from the Treasury Department for babies born between 2025 and 2028. Companies can make additional contributions.
Dell — the Houston native whose estimated $210 billion fortune ranks him as the world’s fifth-richest person on the Bloomberg Billionaires Index — hailed the initiative as a way to give millions of American children a financial stake in the country’s future.
“This makes every child a shareholder in the greatest prosperity-creating engine the world has ever known — American capitalism,” Dell wrote on X over the July 4 weekend.
“Through this public-private partnership, we’re giving the next generation a real stake in our economy and a path to the American Dream: education, a first home, starting a business, and building lasting wealth.”
The White House event drew a roster of Wall Street executives and administration officials, including Altimeter Capital founder Brad Gerstner, Treasury Secretary Scott Bessent, Securities and Exchange Commission Chairman Paul Atkins, New York Stock Exchange President Lynn Martin, Intercontinental Exchange CEO Jeffrey Sprecher and Sen. Ted Cruz (R-Texas).
Gerstner, whose Invest America charitable foundation has championed the program, said the accounts would help fulfill “the promise of the American dream, not for some but for everybody.”
A growing list of companies — including Goldman Sachs, Morgan Stanley, BlackRock, JPMorgan Chase, Robinhood and Intel, along with News Corp.,The Post’s parent company — have also pledged to match the government’s $1,000 contribution for eligible employees’ children.
Robinhood CEO Vlad Tenev called the accounts potentially “life changing,” while SpaceX President Gwynne Shotwell said she would donate a share of SpaceX stock to a Trump Account for each of more than two million children nationwide.
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