# Dell's AI server revenue up 757% — ride the AI spending wave into software stocks

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

> Canonical page: https://commonquant.ai/research/for-you/dell-s-ai-server-revenue-up-757-ride-the-ai-spending-wave-in--7aff4994-9246-4a25-998d-297755bd456c

Dell just reported that its AI server business grew a staggering 757% in one year, sending the stock up 32% in a single day — its best ever. The AI spending boom is also lifting software companies like Palantir and ServiceNow, which are having their best months in years.

## Idea

Dell's blowout earnings proved that companies are spending massively on AI infrastructure right now — not just talking about it. That 757% jump in AI server revenue is real money flowing through the ecosystem, and Dell's partner Palantir already jumped 10% on the validation. Enterprise software stocks like ServiceNow (up 40% this month) and Snowflake are being swept up in the same wave. When one company in the AI supply chain posts numbers this strong, it tends to lift the whole group as investors rotate into the next laggard that could benefit.

## Key details

- Symbols: NOW, NTAP, PLTR, SNOW
- Timeframes: D
- Tags: \#ai\_infra, \#momentum, \#software, \#earnings\_reaction

## Community

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## News sources

- [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
- [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

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