Dell Technologies stock hit an all-time high of $263.99 on Friday, May 8. The Dell stock surged as much as 14.6% intraday, which pushed Dell shares up more than 107% year-to-date. The jump came after President Donald Trump reportedly used a Mother’s Day event at the White House to thank the Dell family by name and tell Americans to “go out and buy a Dell.” According to a report in AOL, the company shares closed at $260.46, up roughly 12%, capping its best week in more than two years. Trump’s endorsement comes five months after Michael and Susan Dell pledged $6.25 billion to fund “Trump Accounts”. Michael and Susan Dell’s pledge is one of the largest philanthropic commitments to a sitting president’s signature programme in recent years. It is also claimed to be one of the largest philanthropic gifts ever to go directly to Americans.
Michael and Susan Dell’s pledge to Trump Accounts
In December 2025, Michael and Susan Dell announced that they would deposit $250 in individual investment accounts for 25 million children, an amount totaling $6.25 billion. At a press event at the White House, President Trump, standing with the Dells, called the couple “two special people” and said that the accounts were “real trust funds for every American child.” “When I started a company 41 years ago, we created the direct model,” Michael Dell said. “This is sort of the direct model of philanthropy.”
What are Trump Accounts and eligibility
A Trump Account is a tax-deferred savings account for children under 18. The accounts are designed to grow with investment earnings over time, and when the child becomes an adult, the accounts generally function like a traditional IRA. Any child under 18 with a valid Social Security number may open a Trump Account. Parents or guardians must set up and manage the account until the child turns 18.According to a White House, Trump Accounts will be available to every U.S. citizen born between January 1, 2025, and December 31, 2028. “These innovative, tax-advantaged savings accounts — created through President Trump’s Working Families Tax Cuts Act — enable a generation of American children to begin building wealth from the moment they are born,” said the press release issued by the Trump government.It further added that each Trump Account will launch with a one-time $1,000 government seed contribution. Families and others can contribute up to $5,000 annually; the funds will be invested in a broad stock-market index, remain private property under guardian control until age 18, and, if fully funded and left untouched, could grow to as much as $1.9 million by age 28.