Dell's AI server revenue explodes 757% — ride the infrastructure wave into Palantir and chip stocks
Dell just reported its fastest revenue growth since 2018, driven by a staggering 757% jump in AI server sales. The news is lifting the entire AI supply chain — Palantir jumped 10% and the broader market is edging higher on expectations that AI spending will keep powering corporate profits.
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Dell's blowout quarter proved that AI data-center spending is still accelerating — not flattening — which validates the entire AI hardware and software supply chain. Palantir, which partners with Dell on AI factory deployments, surged 10% on the news, showing that traders are immediately re-pricing AI-linked names higher. The S&P 500 is now on track for a ninth straight weekly gain, largely powered by the AI trade, and analysts at HSBC note that blowout tech earnings are dimming earlier fears of a market pullback. As long as AI capital expenditure keeps surprising to the upside, companies directly tied to that spending wave should continue outperforming.