Dell, Snowflake, Anthropic Win Big on AI Boom

Dell Technologies posted an 88% revenue jump and a 33% stock surge, driven by demand for its AI rack-scale servers. Analysts credit Dell's prefabricated, high-utilization systems as the preferred choice for infrastructure builders, though questions remain about long-term sustainability and GPU underutilization across the industry. Anthropic raised $65 million in new funding, outpacing OpenAI, while Snowflake's stock climbed 36% ahead of its annual summit. Analysts compare the current agentic AI moment to the early PC era, noting that grassroots productivity gains are emerging alongside top-down corporate AI mandates.