Dell's AI server sales exploded 757% — ride the breakout on Dell and Palantir
Dell just reported that its AI server business grew an astonishing 757% compared to last year, sending the stock up over 30% in a single day — its best ever. The blowout numbers are also lifting other AI-related companies like Palantir, which surged 10% on the news.
Idea
Dell's AI server revenue growing 757% year-over-year proves that companies are spending aggressively on AI hardware, and this isn't priced in yet. When a single company's results are this far above expectations, it often kicks off a multi-week momentum run as analysts scramble to raise their price targets — which is already happening. The ripple effect is real too: Palantir jumped 10% because it partners with Dell on AI factory projects, and the entire software sector is catching a bid. With AI spending showing no signs of slowing and the broader market at all-time highs, this momentum has a strong tailwind behind it.