Dell stock jumps 32% after strong earnings report
Dell Technologies saw its stock price jump 32% on Friday, adding $35.8 billion to founder Michael Dell’s fortune.
The company reported better-than-expected earnings, with revenue hitting $43.8 billion for the quarter.
Dell’s share price has more than tripled since Trump’s first endorsement on Feb. 19, and the company recently secured a $9.7 billion Pentagon deal.
The surge in stock price has pushed Michael Dell’s net worth to $245.9 billion, making him the sixth richest person globally.