Dell's AI server sales just went vertical — ride the momentum wave on Dell and Palantir
Dell just reported that its AI server business exploded, growing 757% versus last year. The stock surged over 30% in a single day — its best ever — and it's pulling other AI-related companies like Palantir up with it.
Idea
Dell's AI server revenue just grew 757% year-over-year — that's not a typo. The company reported its fastest revenue growth since going public in 2018, and multiple analysts raised their price targets immediately. When a hardware company this big posts those kinds of numbers, it tells you AI spending is real and accelerating. Palantir, which partners with Dell on AI factories, jumped 10% the same day because Dell's results essentially validate Palantir's business too. This kind of earnings shock often creates a multi-day momentum run as funds that missed the move scramble to build positions.