Dell stock surges on deal with Pentagon, making CEO $31B richer overnight

UE, NATO, Politica externa

Dell stock surged over 30% on Friday, boosting founder and CEO Michael Dell’s net worth by some $34 billion. The exec’s net worth shot up to $244.8 billion, according to Forbes, lodging him in slot No. 6 on its billionaires list — just below Oracle CEO Larry Ellison and above Meta big Mark Zuckerberg. Shares in Dell went on a tear after the company reported first quarter growth in artificial-intelligence hardware and details emerged about its new $9.7 billion contract with the Department of War.

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