Dell's AI servers just went vertical — ride the breakout with a tight leash
Dell just reported its best revenue growth since going public again in 2018, driven by AI server sales that exploded 757% compared to last year. The stock surged over 30% in a single day — its best ever — and multiple analysts immediately raised their price targets.
Idea
Dell's AI server revenue grew 757% year-over-year, proving that the AI infrastructure spending boom is accelerating — not slowing. Multiple Wall Street analysts raised their price targets after the report, which typically means institutional buyers are still building positions. The broader AI rally in May has been one of the strongest in years, with software and hardware stocks all surging together, so Dell isn't moving in isolation. Palantir — Dell's AI Factory partner — also jumped 10% on the news, confirming the market believes this partnership is real and growing. When a stock gaps up this hard on fundamentals and analysts upgrade it, the move often continues for another week or two before consolidating.