Dell's AI servers just grew 757% — ride the infrastructure wave with its partners
Dell just reported that its AI server business grew more than seven-fold compared to last year, sending its stock up over 30% in one day. Palantir, which partners with Dell on AI systems, jumped 10% on the news — and other companies building AI infrastructure could follow.
Idea
Dell's blowout earnings — featuring 757% growth in AI server revenue — confirm that corporate spending on AI hardware is accelerating, not slowing down. Palantir already rallied 10% because it runs its AI Factory platform on Dell servers, directly benefiting from that spending surge. The ripple effect tends to reach further: companies that make data-center networking gear, cooling systems, and AI-optimized software are all seeing rising demand. Since Dell's report is the first major signal this quarter, the market hasn't fully priced in what this means for the rest of the AI supply chain. Getting in before those companies report their own numbers could offer outsized upside.