Topline
Mark Zuckerberg became the world’s fifth-richest person on Monday, reclaiming the rank from Michael Dell as shares in his hardware firm declined, extending a cooling period for the stock since climbing to an all-time high last month.
The hardware firm’s stock has cooled since skyrocketing to an all-time high last month.
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Key Facts
Shares of Dell dropped 3.3% as of Monday afternoon, adding to an 8.8% slide the previous week and a more than 18% decline since hitting an intraday all-time record high of $469 on June 1.
Dell, who holds about 265.7 million Dell shares, saw his net worth cut by $2 billion to $221.1 billion, ranking him directly below Zuckerberg ($222.1 billion) on Forbes’ list of the world’s wealthiest people.
Meta’s stock, which traded down as much as 1.6%, rose to roughly break even on the day shortly before market close.
big number
200%. That’s how much Dell shares have swelled by this year as they more than tripled in value, despite a recent selloff. Michael Dell’s fortune opened 2026 at $141 billion, ranking him as the 13th-richest person in the world, and his wealth has surged 864% since hitting $22.9 billion in 2020.
what to watch for
Dell will report Q2 earnings next month, while Meta reports next week.
key background
Dell has become one of the largest beneficiaries of the broader buildup of AI infrastructure, as the hardware firm has become a key supplier to data centers. The company reported an 88% surge in revenue through its previous quarter, boosting Dell’s stock by 39% in its best trading session ever. AI server revenue skyrocketed by 757% over the previous year, Dell reported, with expectations for annual sales topping $60 billion. President Donald Trump, who became a shareholder in the first quarter, has urged investors to buy Dell, urging traders to “go out and buy a Dell.”