July 6, 2026
Dell Jumped 8% on a Presidential Shoutout
The AI server backlog might matter more than the headlines.
First a note from The Oxford Club
Dear Reader,
I am not depressed. And I have no intention of harming myself.
I joke about adding that disclaimer whenever I write about this subject.
Because for decades, Big Oil fought to keep a
And for 50 years, they succeeded.
An entire generation grew up believing this technology was dangerous, impractical, or impossible.
Yet behind the scenes, it never disappeared.
Then AI changed the math.
Microsoft needs more power.
Google needs more power.
Amazon needs more power.
Nvidia needs more power.
Not years from now – today.
That’s why some of the largest companies on Earth are suddenly moving toward the same solution.
The very technology that spent decades on the sidelines.
A compact power system capable of delivering enormous amounts of electricity from a footprint small enough to travel by truck.
The International Energy Agency called it “a game changer….”
The head of Amazon’s cloud computing division called it “an excellent source of energy.”
Even the Wall Street Journal called it a “breakthrough.”
And this August, a government milestone could bring the entire story into the spotlight.
The technology isn’t new. The demand is. And that changes everything.
At the center of this story is a small company most investors have never heard of.
That’s the company I talk about in my recent interview about the Energy Cube.
You can watch it here, while it’s still hosted online.
Yours in smart speculation,
Karim Rahemtulla
Co-Founder, Monument Traders Alliance
“The Indiana Jones of Finance”
P.S. The strangest part of this story isn’t that the Energy Cube exists.
It’s that versions of the underlying technology have been quietly used for decades.
What changed wasn’t the technology. Rather, it was the world’s need for power.
FEATURED
Dell Jumped 8% on a Presidential Shoutout
DELL Quick-Reference Cheat Sheet
- Stock Price (July 6, 2026): ~$418, up ~8% intraday
- 52-Week Range: $110.22 to $469.47
- YTD Gain (2026): ~225%
- Q1 FY27 Revenue: $43.8B (record, up 88% YoY)
- AI Server Revenue (Q1 FY27): $16.1B, up 757% year over year
- AI Server Backlog: $51.3B (record); $24.4B in new orders in Q1 alone
- FY27 AI Server Revenue Guide: $60B (raised after Q1 results)
- Full-Year Revenue Outlook (FY27): $167B at midpoint, up ~50% YoY
- Trailing P/E: ~31x
- Wall Street Avg. Price Target: $485 across 27 analysts, Buy consensus
- Upside to Consensus Target: ~16% from current levels
- Next Earnings Date: September 3, 2026
- Insider Activity: Silver Lake trimming; multiple Class C share sales by director Egon Durban in June
- Key Risks: Memory cost inflation, AI capital spending slowdown, margin pressure from server mix shift
Hey there, bargain hunter.
This one is messy. And that is exactly why it is worth looking at carefully.
What happened today: Dell Technologies (DELL) jumped more than 8% after President Trump told the public to go out and buy a Dell computer at a White House event celebrating the launch of the Trump Accounts program, a new tax-advantaged savings vehicle for U.S. children. At the session peak, that move briefly added more than $15 billion in market value to the stock. This is the second time in 2026 Trump has publicly endorsed Dell. He first did it in February, then repeated the line at a May White House event that lifted shares to a record.
The pattern is now repeatable enough to be a known variable. Which means you have to separate the noise from what is actually driving this stock.
Here is where it gets interesting.
Strip out the presidential commentary entirely and Dell’s fundamental case is already one of the more remarkable transformations in enterprise technology. In its first fiscal quarter of 2027 (ended May 1, 2026), Dell reported record revenue of $43.8 billion, record EPS of $4.86, and raised its full-year revenue outlook to $167 billion at the midpoint, up nearly 50% year over year. That is not a small number for a company that most investors still think of as a PC manufacturer.
THE STARLINK OF ENERGY
This little-known stock could benefit from a major government catalyst this August
A single “Energy Cube” can be delivered by truck… dropped next to a data center, military base, or industrial site… and provide reliable electricity for decades.
Think of it as the “Starlink of Energy.” A government milestone expected this August could shine a spotlight on one little-known company at the center of the Energy Cube story.
AI-optimized server revenue came in at $16.1 billion in that single quarter, up 757% year over year. Management also raised the full-year AI server revenue target to $60 billion after that result. The backlog for AI servers stands at a record $51.3 billion, with $24.4 billion in fresh orders booked in Q1 alone.
So you have a company with a $51 billion backlog in one product category, 757% year-over-year growth in that same category, and a stock that is up roughly 225% in 2026 before today’s move. The Trump shoutout is the headline. The backlog is the actual story.
Now the uncomfortable part.
Dell dropped about 8.6% just four days ago as AI-linked stocks pulled back on fears that chip demand may be cooling. The 52-week range runs from $110.22 to $469.47, and the current price sits well below that peak. Silver Lake and affiliated director Egon Durban have been steadily trimming their Dell position through June, with multiple open-market Class C share sales reported across June 8 through June 26. That is worth knowing before you act on today’s move.
There is also the conflict-of-interest question that will not go away. According to Trump’s financial disclosures, the president bought at least $1 million in Dell stock during Q1 2026. Critics argue the structure raises conflict-of-interest concerns when the president makes public statements that demonstrably move a stock in which he has disclosed holdings. Whether that matters to regulators or investors is a separate question. But it is worth knowing before you act on the move.
Dell holds a $9.7 billion Pentagon contract awarded earlier this year. The political relationship and the federal procurement relationship are now the same relationship. That is a competitive position that does not show up in a P/E ratio.
The valuation math: DELL trades at roughly 31x trailing earnings. Wall Street holds a Buy consensus across 27 analysts with an average price target of $485, implying roughly 16% upside from current levels. At that target, the stock is still pricing in meaningful execution risk on the $60 billion AI server revenue guide for the full year.
Trump redacted 750 files while smelling Biden?
Biden’s smell hadn’t even left the Oval Office yet…
And Trump got to work immediately on the most secretive government operation since the Manhattan Project.
While the world was distracted by tariffs, Trump redacted over 750 government files.
Because Trump saw the writing on the wall: These files were about to destroy everything we love about America.
Dell’s gross margin came in at 18.1% in the most recent quarter, reflecting the mix shift toward lower-margin AI servers. AI server profitability remains in the mid-single-digit operating margin range, below storage margins, which means margin expansion may be harder than the revenue growth alone suggests. That tension is the core of the bull-bear debate right now.
What investors should watch next: Dell’s next earnings report is scheduled for September 3, 2026. If management delivers on the $60 billion AI server revenue guide and holds margin discipline, the current price might look cheap in hindsight. If AI capital spending softens heading into Q3, the 52-week low at $110 is a reminder of how far this stock can fall when sentiment turns.
Today’s move is part politics, part momentum, and part legitimate fundamental re-rating. The hard part is figuring out which part you are buying.
