# Dell's AI servers just grew 757% — the software rally is just getting started

_AI-generated trading idea · LONG · NOW, PLTR, SNOW_

> Canonical page: https://commonquant.ai/research/for-you/dell-s-ai-servers-just-grew-757-the-software-rally-is-just-g--7336df5f-6146-4fe1-9eae-a0a14d29cb0a

Dell just reported that its AI server revenue grew 757% compared to last year, sending the stock up over 30% in a single day. That blowout number is lifting the entire software sector — ServiceNow is up 40% this month and Palantir jumped 10% today — as investors realize AI spending is accelerating, not slowing down.

## Idea

Dell's 757% AI server revenue growth is the strongest signal yet that companies are spending aggressively on AI infrastructure — and that spending flows through to software firms like ServiceNow, Palantir, and Snowflake that build the applications on top. Earlier this year, investors worried AI would hurt software companies; now those fears have completely flipped, and money is pouring back into the sector. ServiceNow's 40% monthly gain and Palantir's 10% single-day pop show the momentum is broad-based, not limited to one or two names. When a whole sector catches a bid like this after months of doubt, the rally tends to run further than people expect because sidelined investors are forced to chase.

## Key details

- Symbols: NOW, PLTR, SNOW
- Timeframes: D
- Tags: \#ai\_infrastructure, \#software\_rally, \#earnings\_momentum

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## News sources

- [Dell stock skyrockets 32%, heads for best day ever as AI server revenue soars](https://www.cnbc.com/2026/05/29/dell-stock-earnings-ai-servers.html) — CNBC
- [ServiceNow's stock soars toward historic month as AI fears fade across software](https://www.marketwatch.com/story/servicenows-stock-soars-toward-historic-month-as-ai-fears-fade-across-software-31854b69?mod=mw_rss_topstories) — MarketWatch
- [Palantir Soars 10% as Dell Earnings Beat Validates Their AI Factory Partnership, Snowflake Lifts Software Rally](https://finance.yahoo.com/markets/stocks/articles/palantir-soars-10-dell-earnings-150720310.html) — Yahoo Finance

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