Dell's AI server sales just went parabolic — ride the Palantir partnership wave
Dell just reported that its AI server business exploded — revenue up 757% from a year ago — and the stock jumped over 30% in a single day. Palantir, which partners with Dell on AI systems, rallied 10% on the news as investors realized Dell's blowout numbers confirm the whole AI spending boom is real and accelerating.
Idea
Dell's AI server revenue just grew 757% year-over-year, which is the kind of number that makes institutional investors rethink what they're willing to pay for AI-connected stocks. Palantir specifically partners with Dell on 'AI Factory' systems, so Dell's results are direct proof that Palantir's pipeline is converting into real orders. When one company in a partnership blows past expectations this dramatically, the partner often plays catch-up over the following days and weeks as analysts update their models. ServiceNow is also up 40% this month as software stocks rally broadly on fading AI fears, adding tailwind.