HPE Stock Jumps 12% After Dell's Blowout AI Server Results

Shares of Hewlett Packard Enterprise (NYSE:HPE) surged 11.9% to close at $43.10 on May 29, 2026, after rival Dell Technologies reported quarterly results that showed explosive demand for artificial intelligence servers. The rally reflected investor confidence that HPE will similarly benefit from accelerating business spending on AI infrastructure. Dell posted revenue of $43.84 billion, far exceeding estimates, driven by a 757% year-over-year increase in AI-optimized server sales. The results, released after the market close on May 28, lifted the entire AI server sector. HPE, which competes directly in enterprise networking and AI servers, was seen as a key beneficiary of the trend. The strong demand signal validates the broader thesis that corporate investment in AI hardware is accelerating, boosting sentiment for related stocks. HPE shares have risen 79.8% year-to-date and reached a new 52-week high.