Dell's AI server sales just went vertical — ride the momentum into Palantir and the AI software rally
Dell just reported that its AI server revenue exploded 757% higher than a year ago, sending its stock up over 30% in a single day. The ripple effect is lifting partners like Palantir and the broader software sector, which is wrapping up its best month since 2001.
Idea
Dell's blowout quarter proves AI spending is accelerating, not slowing — AI server revenue surged 757% year-over-year. That validation is already spilling over to partners like Palantir, which jumped 10% on the news. Software stocks more broadly are having their best month since 2001 as fears that AI would kill software companies have completely reversed. When an entire sector rotates from feared to favored in a single month, the momentum tends to persist as institutional money is still repositioning. ServiceNow is up 40% this month alone, showing how powerful this shift has been.
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- Palantir Soars 10% as Dell Earnings Beat Validates Their AI Factory Partnership, Snowflake Lifts Software Rally — Yahoo Finance
- ServiceNow's stock soars toward historic month as AI fears fade across software — MarketWatch
- Dell stock skyrockets 32%, heads for best day ever as AI server revenue soars — CNBC