President Trump's April 10 post on Truth Social praising Palantir's war-fighting capabilities triggered a roughly 33% rebound in the company's stock, lifting it from near $122 to around $142. The same pattern played out with Dell, after Trump told a White House crowd in early May to buy the company, calling it great — shares roughly doubled from about $155 to a record near $469. Intel, whose stock more than tripled after a blockbuster Q1 2026 earnings report in late April, also got a public nod from the administration, which holds a stake in the chipmaker.
Palantir's technical tightrope
Palantir Technologies (PLTR) now trades near $142, down 6.5% in Wednesday's session. The stock remains trapped in a falling channel that started in November 2025. Key resistance sits at $165, a level it failed to breach on June 1. A break above $175 would signal a bullish shift, while support at the April low of $122 remains the critical floor. The company has not commented on the president's endorsement.
Intel's earnings-fueled surge
Intel (INTC) surged roughly 250% from late March to a peak near $133 after its Q1 2026 earnings beat, surpassing its August 2000 record high. President Trump publicly took credit for the stock's rise, and his administration holds a stake in the chipmaker. The stock now trades near $108, down 1.28% in the latest session, with pre-market quotes around $114. Key technical levels include support at $102 and a hurdle at $124. A break below $102 would weaken the pattern, and a drop to $79 would invalidate the bullish setup. Further upside targets sit at $159 and $194.
Dell's run fueled by AI and a Pentagon contract
Dell Technologies (DELL) has been the biggest beneficiary of Trump's public backing. The stock ran from about $155 in late March to a record near $469, roughly doubling since the president's early May shout-out. Trading near $435 as of Wednesday, down 6.58%, Dell's rally is backed by strong AI server demand and a $9.7 billion Pentagon contract. Selling pressure has been building since late May, and the stock now faces the question of whether the AI-driven fundamentals can sustain the political tailwind.
All three stocks face key technical tests. Palantir must hold $122 to avoid a deeper slide. Intel needs to reclaim $124 to keep the uptrend intact. Dell's late-May selling pressure will test whether the post-endorsement rally has room to run, or if the gains have already priced in the Pentagon contract and AI server demand. With no scheduled earnings reports in the immediate future, the next catalyst may be fresh comments from the president — or lack thereof.
