HPE Jumps Nearly 12% as Oracle Locks In $90-95 Billion Capex Commitment to AI Infrastructure

Hewlett Packard Enterprise shares surged as much as 12% to around $61.49 on Friday, September 11, making it one of the stock's biggest single-session moves of the year. The catalyst came from Oracle, whose CFO Hilary Maxson confirmed full-year capital expenditure in the range of $90 to $95 billion, with that spending directed at AI rack, cooling, and networking vendors, including HPE and Dell.

Dell Technologies also jumped roughly 11% to a record high after beating revenue and earnings estimates and raising its fiscal 2027 forecast, reinforcing the broader narrative that AI infrastructure buildout is accelerating. Super Micro Computer climbed about 7%, though analysts noted its gain was partly muted because SVP Mike Staiger had already flagged a $60 billion order book at a Goldman Sachs conference the day before. HP Inc. gained around 7% on the same AI hardware optimism.

The moves came on a day when U.S. equities broadly rebounded, with the S&P 500 climbing about 1% to approximately 7,671, snapping a four-session losing streak. The Dow gained roughly 530 to 596 points, or about 1.2%. HPE also has an upcoming cash dividend of $0.142 per share with an ex-date of September 17, 2026. Analysts link HPE's longer-term setup to full-year revenue growth guidance of 34% to 37% and adjusted EPS guidance of $3.75 to $3.85, with a fiscal 2027 framework pointing to an additional 13% to 17% revenue expansion and 16% to 20% EPS growth.