Hewlett Packard Enterprise rallies 9% as AI server stocks surge on broadening hardware bid

Hewlett Packard Enterprise surged 9.02% to $61.64 on September 17, leading a broad rally across AI server and hardware stocks that saw Super Micro Computer climb 6.08% and Dell Technologies gain 3.36%. The move came without any company-specific news. The rally appears to be a continuation of momentum that started earlier in the week with gains across memory chip and semiconductor names. The numbers behind the hype HPE closed at $61.64, SMCI at $39.09, and Dell at $582.20. The year-to-date numbers are where things get genuinely eye-catching. HPE has posted a 153% gain so far in 2026. Dell has surged 343%. HPE’s fiscal Q3 2026 report showed record revenue of $12.2 billion, a 34% jump compared to the same quarter a year earlier. The company also raised its full-year growth guidance to 34-37%. Oracle projected capital expenditures of $90-95 billion for its fiscal year. Oracle also expanded its collaboration with HPE on AI data-center networking. HPE’s positioning in the AI arms race HPE’s Cloud & AI segment has emerged as its largest revenue driver. In the latest quarter, networking orders for AI reached unprecedented levels, with a reported backlog of $700 million. Dell has leaned...