Dell's AI server sales explode 757% — ride the momentum on Dell and Palantir
Dell just reported that its AI server revenue grew 757% compared to last year, sending the stock up over 30% in a single day. Its partner Palantir also jumped 10% as the blowout numbers validated their joint AI-factory business.
Idea
Dell's AI server revenue surging 757% isn't just a one-quarter blip — it signals that companies are spending aggressively on AI hardware, and analysts are already raising price targets. Palantir, which runs its AI Factory software on Dell servers, jumped 10% on the news because the partnership is now producing real, measurable results. When a mega-cap hardware name posts its fastest revenue growth since going public and its software partner gets pulled along for the ride, that kind of momentum tends to persist for days to weeks as more investors reposition. The broader AI spending theme is also lifting the entire software sector — ServiceNow is up 40% this month alone.