Dell

The US Department of Defense's $9.7 billion contract with Dell has sparked controversy, with some suggesting it may be a payback for Michael and Susan Dell's $6.25 billion donation to 25 million US children's Trump Accounts.

Dell Technologies' stock closed up 32.81% on [current date] after the company reported its fastest pace of revenue growth for any period since returning to the public market in 2018. The company's revenue growth was driven by strong demand for its PCs and servers.

Dell's Q1 revenue surged 88% year-over-year to $43.84 billion, exceeding estimates of $35.43 billion. The company also forecasted revenue above estimates for fiscal year 2027.

The US Department of Defense has announced a $9.7 billion, five-year deal with Dell to provide Microsoft 365, advanced cloud subscriptions, and on-premises licensing to the US military.