Dell's AI server sales just went parabolic — ride the momentum in Dell and AI partner Palantir
Dell just reported that its AI server business grew an eye-popping 757% compared to last year, sending the stock up over 30% in a single day — its best day ever. Palantir, which partners with Dell on AI data centers, also jumped 10% on the news.
Idea
Dell's earnings proved that companies are spending enormous sums on AI hardware — server revenue nearly octupled year-over-year. That kind of growth doesn't happen in a vacuum; it signals that the AI infrastructure build-out is accelerating, not slowing. Palantir, which builds the software layer on top of Dell's AI servers through their 'AI Factory' partnership, rallied right alongside it, confirming the market believes this spending cycle has legs. When a stock surges this much on genuine fundamental news — not just hype — it often keeps climbing over the following weeks as analysts raise targets and institutional investors build positions.