Michael Dell Joins Trump, Elon Musk For High-Stakes AI Talks As Dell Eyes $15 Billion In Server Business

-1.25% Post

-3.43% Post

-2.96% Post

-5.34% Post

Dell Technologies Inc.

DELL

96.44

-1.25%

0.00% Post

NVIDIA Corporation

NVDA

115.43

115.20

-3.43%

-0.20% Post

Oracle Corporation

ORCL

149.45

-2.96%

0.00% Post

Tesla Motors, Inc.

TSLA

225.31

226.20

-5.34%

+0.40% Post

Michael Dell, CEO of Dell Technologies Inc. (NYSE:DELL), announced a productive meeting with President Donald Trump, Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk and other technology executives focused on enhancing government efficiency and strengthening American leadership in artificial intelligence.

What Happened: “Yesterday we had a productive discussion with Trump, Musk, and other tech CEOs about enhancing government efficiency and accelerating U.S. leadership in AI and technology,” Dell wrote on X. “We are proud to be a trusted AI partner for the U.S. government.”

The high-level meeting comes as Dell Technologies positions itself for significant AI-driven growth. During a recent earnings call, Dell COO Jeff Clarke projected the company’s AI server business would grow to at least $15 billion in fiscal year 2026, driven by what he described as a “robust opportunity pipeline” and Dell’s engineering and services advantages.

“This AI business drives incremental operating profit and is EPS-accretive,” Clarke stated.

Yesterday we had a productive discussion with @realDonaldTrump @POTUS @elonmusk and other tech CEOs about enhancing government efficiency and accelerating U.S. leadership in AI and technology. We are proud to be a trusted AI partner for the U.S. government and look forward to…
— Michael Dell 🇺🇸 (@MichaelDell) March 11, 2025

See Also: Cathie Wood’s Ark Invest Continues To Load Up On Tempus AI, Dumps Bitcoin-Focused Block In Tech Meltdown Aftermath

Why It Matters: Dell’s meeting with Trump occurs amid increased government focus on AI development. In January, the administration announced support for Stargate, a $500 billion joint venture between OpenAI, SoftBank, and Oracle Corp. to build AI infrastructure across the United States.

The Stargate announcement boosted shares of NVIDIA Corp., Dell, and other AI-focused companies, as investors anticipated increased demand for AI hardware and infrastructure.

Dell’s statement indicates the company intends to continue engagement with “customers and policymakers” on AI initiatives, positioning itself as a key partner in the rapidly expanding artificial intelligence sector.

Read Next:

Warren Buffett Rakes In $607 Million While Elon Musk, Jeff Bezos, And Other Top Moneybags Bleed $67 Billion In A Day Amid Market Wipeout

Image Via Shutterstock

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

More This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.