Hewlett Packard Enterprise Co. stock gained more than 3% in Wednesday’s premarket session after Super Micro Computer Inc. reported a strong AI-server order backlog and stronger-than-expected margin guidance. The news boosted sentiment across the AI infrastructure sector, lifting shares of major suppliers like HPE. Investors anticipate that HPE will benefit from the same long-term demand trends driving the sector, given its role as a provider of enterprise servers, networking equipment, and high-performance computing systems.

HPE shares rose alongside peers, including Dell Technologies Inc., as the market interpreted Super Micro’s preliminary results as further evidence of robust demand for AI servers. Jim Cramer reinforced this read-through in a Tuesday evening X post, stating that if Super Micro “did that well,” Dell “should be incredible.” The gain in HPE stood out against a weaker broader market, with Nasdaq futures down 0.75% and S&P 500 futures falling 0.30%.

Technical Analysis

HPE continues to trade above all major moving averages, reflecting a strong uptrend. The stock sits about 5% above its 20-day simple moving average and roughly 10% above its 50-day moving average. It remains more than 41% above its 100-day moving average and nearly 69% above its 200-day moving average. The relative strength index stands at 53.12, indicating neutral momentum, suggesting the stock is neither overbought nor oversold. The 20-day moving average remains above the 50-day moving average, while the 50-day moving average crossed above the 200-day moving average in April, confirming a longer-term bullish trend. Immediate resistance is near $51.00, while support is around $44.50.

Earnings and Analyst Outlook

The next major catalyst is HPE’s estimated earnings report on Sept. 2, 2026. Wall Street expects earnings of 90 cents per share, up from 44 cents a year earlier. Revenue is projected to increase to $11.92 billion from $9.14 billion. The stock carries a Buy consensus rating with an average analyst price forecast of $69.69, based on 26 analysts.

Ratings and ETF Exposure

Benzinga Edge gives HPE a Momentum score of 97.78, highlighting its strong price performance. The stock receives a Quality score of 68.22, while Value scores 26.09 and Growth scores 11.86, suggesting investors remain focused on momentum rather than valuation. HPE is a meaningful holding in several exchange-traded funds, including the iShares Preferred and Income Securities ETF (NASDAQ: PFF) with a 1.56% weighting, the First Trust Cloud Computing ETF (NASDAQ: SKYY) with a 3.47% weighting, and the ALPS Sector Dividend Dogs ETF (NYSE: SDOG) with a 2.59% weighting.

Hewlett Packard Enterprise Company (NYSE: HPE) rose nearly 4% on Wednesday as investors rotated back into technology hardware stocks. The move came even as the broader market was mixed, with the Nasdaq gaining 0.37% and the S&P 500 slipping 0.04%. The stock traded at $50.14, about 12.6% above its 20-day simple moving average of $44.58 and 92.7% above its 200-day moving average of $26.04.

Separately, the company said Vultr has selected HPE and NVIDIA Corp. (NASDAQ: NVDA) to power its next-generation AI cloud infrastructure, supporting growing enterprise demand for private cloud and AI workloads. The deployment will use the NVIDIA GB300 NVL72 by HPE with NVIDIA Spectrum-X Ethernet networking to support large-scale AI model training and inference. Future AI data centers will also incorporate HPE's liquid cooling technology, services, and rack-scale systems.

HPE CEO Antonio Neri said the partnership validates the company's AI data center architecture, while Vultr CEO J.J. Kardwell said global AI infrastructure remains "significantly underbuilt" and demand for high-performance AI computing continues to rise. The expansion will support Vultr's global AI infrastructure growth and GPU-as-a-service offerings with 400GbE and 800GbE NVIDIA Spectrum-X networking designed for large-scale AI clusters.

Technical Analysis

HPE remains in a strong long-term uptrend. The technical setup remains constructive, with the 20-day moving average above the 50-day moving average. The golden cross that formed in April, when the 50-day moving average moved above the 200-day average, continues to support the longer-term bullish trend. However, near-term momentum has weakened as the Moving Average Convergence Divergence (MACD) indicator remains below its signal line and the histogram is negative. The stock also trades 43.9% above its 50-day moving average of $34.88. The next major resistance level is the June 52-week high of $64.25, while initial support sits near the 20-day moving average at $44.58.

Analyst Consensus & Recent Actions

HPE trades at about 45.2 times earnings. The stock carries a consensus Buy rating with an average analyst price forecast of $69.69. Recent analyst actions include Goldman Sachs reiterating Buy and raising its price forecast to $79 on June 3, Argus Research maintaining Buy and increasing its forecast to $70 on June 3, and Evercore ISI maintaining Outperform and lifting its forecast to $70 on June 2.

Key Infrastructure Components