Shares of Hewlett Packard Enterprise are up nearly 6% today, reaching new all-time highs during the session, as investors began positioning themselves for the release of results for the second quarter of fiscal year 2026.
The market expects the company to report earnings of aprox. $0.53 per share on revenues around $9.75 billion USD.
The primary driver of the increased expectations is a wave of optimism surrounding AI infrastructure. HP is benefiting from positive sentiment following very strong results from Dell Technologies, which were seen as confirmation of strong demand for AI-optimized servers.
An additional boost may have been the announcement of the new ProLiant Compute DL394 Gen12 server, based on the NVIDIA Vera CPU - intended for use in agentic AI.
Investor enthusiasm is shared by investment firms, including Morgan Stanley, Citigroup, and Bernstein, who point to growing demand for servers and the company's favorable positioning in the AI infrastructure and networking segment.
Since the start of the year, HP's stock price has gained over 80%. However, if the company were to catch up with the valuations of many sector leaders, the potential for upward movement remains open. The market will focus almost entirely on AI infrastructure during the earnings conference.
Beating expectations in the AI/Cloud segment will confirm the investment thesis, while even a small disappointment could trigger a double-digit correction.
HPE.US (D1)
With such a vertical upward trend, one of the few tools indicating potential price levels is the Fibonacci retracement, whose levels point to potential resistance around $47-48. Source: xStation5
Daily summary: Tech sector holds valuations despite risk
Anthropic filed a confidential IPO request
Strategy Sells Bitcoin
US OPEN: The technology sector gains, so does Oil
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
