HPE lifts forecast past 2028 goals on robust AI demand, shares surge 36%

Hewlett Packard Enterprise posted record second-quarter results on Monday, prompting it to accelerate its long-term financial goals by two years, as expansion of AI data centers boosts demand, sending its ‌shares up 36% in ⁠extended trading.

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.