Reading: Liz Landers on Trump’s Dell trade spree, and the gains behind it

Liz Landers on Trump’s Dell trade spree, and the gains behind it

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’s best apparent stock trade of 2026 was a February 10 purchase of shares that has surged 142% since then, according to filings he revealed this month. The same filings showed nearly 4,000 trades between January and March, an unusually heavy pace that put his trading volume between $200 million and $700 million.

That is why the latest disclosure is drawing fresh attention now: it shows how fast Trump was moving in the market at the same time his public remarks could move prices. Forbes analyzed about 240 of his biggest trades, each larger than $250,000, and found that all 10 of his best buys were tech stocks, many tied to the artificial intelligence boom.

Dell was the clearest winner. Trump bought between $1 million and $5 million of the company on February 10, then bought it three more times in March in smaller amounts. By the time he stood at the White House on May 8 and told people to “Go out and buy a Dell,” the stock had already closed 11.5% higher that day and was up 31% from his comment alone. joined him at an event before that remark, turning a routine market signal into a presidential endorsement with a very public audience.

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Trump’s other big tech bets also paid off. He bought between $500,000 and $1 million of AMD shares in February, invested in the company nine more times after that, and later sold between $15,000 and $50,000 in late March. AMD is up 136% since his February purchase. He bought between $1 million and $5 million of on January 12, and that stock is up more than 60%. He also bought shares in February, and the stock is up 40% since then.

The profits are feeding a familiar argument about whether a president can trade around the same industries his administration is affecting. Trump’s allies deny accusations of greed and self-dealing, but his stock picks and his public comments have repeatedly drawn corruption questions because presidential remarks can touch government business, regulatory approval, tax favors, federal contracts, antitrust restraint and White House praise. Massachusetts Sen. said, “The President’s corruption is a national security disaster” after Trump bought stock and then brought Nvidia CEO with him to China.

What remains unclear is how much of the paper gain Trump has actually locked in. The filings show the scale of his buying and the speed of his success, but they do not fully answer whether he kept the Dell, AMD, Texas Instruments or Jabil positions long enough to realize those gains. For now, the strongest read on the disclosures is simple: Trump’s 2026 stock winners came from the same tech sector that has powered the market’s AI boom, and that makes every new filing worth watching for the next round of buys or sales.

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