By Kayode Omotosho
Publication Date: 2026-05-29 22:08:00
What happened?
Shares of enterprise technology company Hewlett Packard Enterprise (NYSE:HPE) rose 12.2% in the afternoon session after rival Dell Technologies reported spectacular quarterly results, indicating exceptionally strong demand for artificial intelligence (AI) servers.
Dell’s strong first-quarter results, reported after the market closed the previous day, ignited the entire AI server sector. The company’s revenue of $43.84 billion far exceeded estimates, driven by a staggering 757% year-over-year increase in AI-optimized server revenue.
As HPE competes in overlapping markets such as AI servers and enterprise networking, investors saw Dell’s success as a strong indicator of demand for HPE’s products. The news was seen as validation of the broader thesis that corporate spending on AI infrastructure is accelerating, lifting sentiment in related stocks.
Shares closed the day at $43.10, up 11.9% from the previous close.
Now is the time to buy Hewlett…
