HPE, which competes with Dell and Super Micro Computer, is benefiting as customers increasingly buy its servers and networking products to power AI applications such as ChatGPT, amid higher memory chip prices.

Hewlett Packard stock surges 7% ahead of Q2 earnings. Analysts expect 54c EPS (up 42% YoY) as shares hit new 52-week highs.

The HPE ProLiant Compute DL394 Gen12, unveiled at Computex in Taiwan, targets agentic AI and data processing workloads