By
Tolu Ajiboye
May 31st, 2023
Like many young people of today who spend time mining cryptocurrencies and developing NFT projects, Dell also had similar hobbies and passions.
The founder and CEO of Dell Technologies Inc (NYSE: DELL) Michael Dell recently stated his view on crypto investing among Millennials. In an interview, he spoke on the increasing interest in digital coins and other assets like non-fungible tokens (NFTs) among young people. According to the CEO, if he were a teenager, he would “probably be over that.”
During his interview with CNBC Make It, Dell said he has personal investments in a few blockchains enabling technologies. He continued:
“I think it’s super interesting. There’s a lot to be worked out in terms of what the investment looks like, and what type of investment is for everyone, but I think it’s interesting.”
Also, Dell said his company, Dell Technologies, is helping many of its customers “implement blockchain at sort of the enterprise level.”
The CEO and founder started Dell Technologies in 1984 at 19 years old. At the time, he was a student at the University of Texas, and the technology company which has grown to be a giant in the industry began in his dorm room. Today, Dell Technologies stands at a market cap of over 79 billion.
Dell Technologies CEO Shares Similar Gobbies with Young Crypto Miners
Like many young people of today who spend time mining cryptocurrencies and developing NFT projects, Dell also had similar hobbies and passions. As a kid, the CEO often took apart and rebuilt different technology products such as phones and computers. When he was 13 years of age, the tech lover worked different jobs to afford an Apple II PC. According to his new book, “Play Nice but Win: A CEO’s Journey From Founder to Leader,” Dell said he dismantled his new Apple II PC immediately he got it to see how it worked.
“My parents either encouraged it or laughed it off when I took stuff apart. I suppose a lot of parents would come home and if their kids were taking their television apart or the telephone, they might be like ‘What are you doing?’ But my parents were a lot more tolerant of that.”
In addition, Dell also collected baseball cards and stamps like how people step into the digital collectibles market via NFTs.
Dell Technologies keep expanding its scope, making more waves in the industry. The technology company recently announced new offerings for communications service providers (CSPs). Dell Technologies hopes to help CSPs accelerate their open, cloud-native deployments and create new revenue opportunities at the edge.
At the time of writing, Dell Technologies stock is up 0.29% to $103.98 at after-hours trading. The technology company has surged nearly 47% over the past year and increased 41.47% in its year-to-date record. Also, DELL grew about 11% in the last three months and further added a 3.23% gain over the past month. The company is, however, down nearly 2% in the last five days.