Hewlett Packard Enterprise (HPE) shares rose 18% on Friday, while Super Micro Computer (SMCI) climbed 10%, following Dell Technologies' strong quarterly results.
Dell shares surged nearly 40% after raising annual revenue and profit forecasts, driven by robust demand for Nvidia-powered AI servers.
Dell raised its annual revenue forecast to $165-$169 billion, up from $138-$142 billion. It also increased AI server revenue outlook to approximately $60 billion for fiscal 2027.
Dell has benefited from data center investments by companies like Alphabet and Amazon, along with price hikes and improved supply chain management.
Strong performance from Dell lifted shares of other AI infrastructure companies, with HPE and Super Micro Computer gaining in sympathy trade.
This article was rewritten by Bond.az for informational purposes.
