Dell, HPE and HP Surge on AI Demand and PC Refresh

Price ActionAnalystProduct / Tech
โดย Seeking Alpha·US·Read original
Summary · why it matters

Shares of Dell, Hewlett Packard Enterprise and HP each jumped 8% or more in Friday morning trading, lifted by sustained enterprise AI demand and a PC refresh cycle. HPE also got a boost from strong earnings at Oracle, which earlier this month announced a partnership to deploy HPE's routing and switching platforms across all of its data centers as it scales AI infrastructure; Oracle's remaining performance obligations grew $209B in the first quarter to $664B, including more than $30B in additional AI cloud contracts. Dell received an Outperform rating and a $640 price target as RBC Capital Markets initiated coverage, with analyst David Paige noting Dell exited 2Q27 with $95bn in AI server backlog and converted roughly $132bn into orders over the last twelve months. RBC also initiated coverage on HP with a Sector Perform rating and a $33 target, citing AI PC adoption, edge computing and data privacy needs, and noting HP is targeting AI PC shipments of 60-70% by FY27, up from about 45% in 3Q26.

Impact on stocks 6

Artificial Intelligence▲ · 2 stocks
Dell Technologies Inc
DELL
▲ PositiveCapitalrelevance

RBC initiated coverage with an Outperform rating and $640 price target, citing Dell's $95bn AI server backlog and $132bn in orders.

Hewlett Packard Enterprise Co
HPE
▲ PositiveDemandrelevance

HPE's routing and switching platforms are being deployed across all of Oracle's data centers as it scales AI infrastructure.

Financials▲ · 2 stocks
Information Technology▲ · 1 stocks
HP Inc
HPQ
▲ PositiveCapitalrelevance

RBC initiated coverage on HP with a Sector Perform rating and $33 target, citing AI PC adoption and its 60-70% AI PC shipment goal by FY27.

Cloud & Digital Infrastructure▲ · 1 stocks
Oracle Corporation
ORCL
▲ PositiveDemandrelevance

Oracle's strong earnings and $209B rise in performance obligations, including $30B+ in AI cloud contracts, lifted HPE and peers.

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