Financial disclosure forms filed with the US Office of Government Ethics show that President Trump purchased between $1 million and $5 million worth of Dell Technologies stock on February 10 — part of a sweeping tech stock buying spree that included more than 3,600 trades in the first three months of 2026 valued between $220 million and $750 million.

In the weeks that followed Trump publicly urged Americans to go out and buy a Dell computer on multiple occasions — and then the Pentagon handed Dell a five year $9.7 billion contract to provide software across the entire military, intelligence community and US Coast Guard. Trump’s sons told the New York Times the president is not personally ordering the trades and that they are conducted by outside brokerage firms — but government ethics watchdogs say that explanation does nothing to resolve the appearance of a conflict of interest that gets harder to explain the longer you look at it.