The awared are currently digesting the scope of the pentagon deal and analysing the company as a whole. But i know dell. I work closely with them. This is a company thats been dispatching uniformed engineers to homes and corperate addresses to fix and implement systems. They are unmatched in their full manufacure/executiom/support structure.
And now, Dell federal systems inks this reputation further as a new world class member of the MIC. Theve gained access the top secret systems and are modernizing everything. Theyre likely going to be working alongside NVDA but my thesis is this is under NDA as it would compromise NVDA's global buisness. (But such rumors had gone around before, denied by jensen, likely to cover NDA breach)
200 billion is incredibly low now for this valuation as the pentagon deal alone prints some 400 million+ per year. And thats not "on paper money" thats the most solid type of agreement, the government always pays.
The post market surge is simply insiders who were itching to get in but had to wait for the actual announcement as not to break moral code too much.
The slow trickle that follows are still early.
Also bare in mind this stock has a better dividend than NVDA.