Dell's AI server revenue just grew 757% — ride the AI hardware wave on Dell and chipmakers
Dell just reported a blowout quarter thanks to booming demand for AI servers — revenue from that business exploded 757%. Meanwhile Samsung is shipping its next-generation AI memory chips to customers worldwide.
Idea
Dell's AI-server revenue grew 757% in a single quarter — that's not a typo — and the stock surged 19% in one day as Wall Street realized the company has transformed from a slow-growing PC maker into a critical AI infrastructure player. Samsung is now shipping its newest AI memory chips to data center customers, which reinforces the massive build-out happening across the entire AI supply chain. Top investors like Crossmark's Bob Doll say strong corporate earnings are overpowering even the geopolitical noise from the Iran conflict, meaning money is likely to keep flowing into AI-related names. Nvidia, as the company making the chips inside Dell's servers, stands to benefit from the same spending wave even though it didn't report earnings today.