Dell's AI servers just went vertical — ride the momentum on Dell and Palantir
Dell just reported its best quarter in years, with AI server sales exploding 757% compared to last year. The stock jumped 32% in a single day, and the news is lifting other AI-linked companies like Palantir, which rose 10%.
Idea
Dell's AI server revenue grew 757% year-over-year, proving that companies are spending aggressively on AI hardware. When a single company posts that kind of growth, its partners and suppliers tend to get pulled along — Palantir already jumped 10% because it runs AI factory projects with Dell. The broader AI rally has been one of the strongest themes in May, and Dell's results are the kind of concrete proof that keeps investor confidence high. Analysts are already raising their price targets, which often creates a second wave of buying as funds adjust their positions.