Dell's AI servers just went vertical 757% — ride the momentum on Dell, Palantir, and ServiceNow
Dell just reported that its AI server revenue grew 757% compared to last year, sending the stock up 32% in a single day — its best ever. The blowout numbers are lifting the entire AI software and hardware ecosystem, with Palantir jumping 10% and ServiceNow up 40% this month.
Idea
Dell's 757% AI server revenue growth proves the AI spending cycle is translating into real dollars, not just hype. When a major hardware provider confirms demand like this, the companies building software on top of that hardware — like Palantir (which partners directly with Dell on AI factories) and ServiceNow (leading the enterprise software relief rally) — tend to keep riding the wave. With analysts raising price targets across the board and the broader market at all-time highs, the momentum is strong enough to carry these names higher over the next couple of weeks.
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News sources
- Dell stock skyrockets 32%, heads for best day ever as AI server revenue soars — CNBC
- ServiceNow’s stock soars toward historic month as AI fears fade across software — MarketWatch
- Palantir Soars 10% as Dell Earnings Beat Validates Their AI Factory Partnership, Snowflake Lifts Software Rally — Yahoo Finance