Quick Read <\/p>\n
Dell Technologies (DELL) reported expectation-beating Q1 FY2027 results, thereby validating its deep partnership with Palantir Technologies (PLTR) and NVIDIA (NVDA).<\/p>\n
Palantir shares surged 10% to $158 on the partnership validation, while Snowflake (SNOW) reported Q1 revenue of $1.39B, up 34% YoY with 13,600+ accounts using its AI capabilities, sparking a broader software rally.<\/p>\n
The analyst who called NVIDIA in 2010 just named his top 10 stocks and Dell Technologies wasn’t one of them. Get them here FREE<\/a>.<\/p>\n Shares of Palantir (NASDAQ:PLTR<\/a>) are up 10% in Friday morning trading, changing hands near $158. The pop follows a blockbuster quarter from Dell Technologies (NYSE:DELL<\/a>), reported Thursday evening, that validated a high-profile partnership the two companies unveiled earlier this month.<\/p>\n Even with today’s rally, Palantir stock is still down 12% year to date (YTD), so this looks more like a recovery leg than a clean breakout. The catalyst is unusual because it lives inside someone else’s earnings report rather than Palantir’s own results.<\/p>\n A second tailwind comes from Snowflake (NYSE:SNOW<\/a>). The data cloud specialist’s Wednesday earnings report kicked off a broader software and AI platform rally that carried into Friday’s open.<\/p>\n The analyst who called NVIDIA in 2010 just named his top 10 stocks and Dell Technologies wasn’t one of them. Get them here FREE<\/a>.<\/p>\n Dell’s AI Server Surge Validates the Partnership <\/p>\n Dell reported Q1 FY2027 revenue of $43.84 billion, beating estimates by 23% and growing 88% year over year (YoY). Non-GAAP EPS came in at $4.86 versus a $2.96 consensus, a 64% beat. AI-optimized server revenue jumped 757% YoY to $16.13 billion.<\/p>\n The company also booked $24.4 billion in AI orders during the quarter and raised full-year FY27 AI server revenue guidance to approximately $60 billion. DELL stock is up 29% today, trading near $409.<\/p>\n That matters for Palantir because the two companies unveiled a deep tie-up at Dell Technologies World on May 18. Palantir’s Foundry and AIP platforms are coming on-premises to the Dell AI Factory with NVIDIA (NASDAQ:NVDA<\/a>), with the Ontology layer running on Dell ObjectScale and PowerFlex storage. Palantir Rubix and Apollo handle the zero-trust runtime layer, targeting sovereign, defense, and regulated workloads.<\/p>\n Snowflake Sparks a Broader Software Rally <\/p>\n Snowflake reported Q1 FY27 revenue of $1.39 billion, up 34% YoY, with non-GAAP EPS of $0.39 beating by 22%. The company raised its full-year product revenue guidance to $5.84 billion, a 31% growth pace, and disclosed more than 13,600 accounts using its AI capabilities.<\/p>\n