Trump-backed Palantir, Intel and Dell face June tests

Palantir Technologies, Intel and Dell head into June with specific price and volume levels that traders are monitoring. Palantir trades near $142, Intel near $108 and Dell near $435 after spring rallies tied to political remarks and government business.

Palantir traded around $142 after a roughly 33% rebound from an April low near $122. On April 10, former President Trump posted on Truth Social: “Palantir has proven to have great war fighting capabilities and equipment. Just ask our enemies.” The stock has remained inside a downward-sloping price channel that has held since November. Technical measures using the November high of $207 and the April low of $122 show Fibonacci levels that placed resistance near $165; the stock failed to clear $165 on June 1. A move above roughly $175 would place price above the channel’s upper boundary. Selling volume increased from May 22 onward. A break below the $142 area would reopen price movement toward the $122 April low.

Intel shares trade near $108 after a run that began in late March. The U.S. government stake in Intel was reported up nearly 250% by late April. Intel’s Q1 2026 results produced a roughly 15% intraday gain and pushed the stock above its August 2000 record high. The shares rose from about $40 in late March to a peak near $133. That advance formed a bull-flag pattern, where the sharp rise is followed by a consolidation. Volume held relatively steady during the recent pullback. Support sits at $102. A reclaim of $124 would open a path back to the $133 peak and to secondary targets near $159 and $194. A drop under $102 would alter the flag pattern; a break below $79 would invalidate the prior rally pattern.

Dell shares trade near $435 after reaching a record near $469 in late May. In early May, at the White House, Trump told attendees to “go out and buy a Dell.” The stock rose from roughly $155 in late March to about $469, a gain of roughly 200%. Dell cited rising demand for AI servers and has a reported $9.7 billion Pentagon contract that relates to current revenue expectations. Price action shows a sharp upward pole followed by a fading peak and growing selling pressure since late May. Volume declined as price peaked around May 29. Fibonacci retracements of the $155 to $468 run identify potential support near $394 and $349, with deeper technical levels at $312 and $275. A daily close back above $468 would be required to retake the recent high.

Market participants are watching both price levels and volume. For Palantir, selling volume has increased; for Intel, volume remained steady during the dip; for Dell, volume faded at the peak and selling picked up later in May. Broader market weakness could push all three names toward their lower technical targets, while reclaiming specified resistance levels would allow prices to move back toward recent highs.

Each stock’s recent price action reflects a combination of political comments or government-related business and market trading patterns. In June, participants will monitor whether the identified price and volume levels hold or change.