Dell Stock Just Had Its Best Week Since 2024. The Odds of Another Surge Are High.

Dell Technologies (DELL) just delivered one of its strongest trading weeks in more than two years. DELL stock surged roughly 24% last week, adding fresh momentum to what has already been a powerful year-to-date (YTD) rally. A large portion of the gains came last Friday, when shares jumped double digits after U.S. President Donald Trump publicly praised the company during a White House event.

While the political endorsement grabbed headlines, it was hardly the only catalyst behind the move. Investors have been steadily warming to Dell’s positioning in the artificial intelligence (AI) infrastructure boom, particularly its rapidly expanding AI server business. Demand for AI-optimized systems has been surging as hyperscalers, enterprises, and specialized AI cloud providers race to build out data-center capacity. Dell has emerged as one of the key hardware beneficiaries of that spending wave.