Hewlett Packard Enterprise stock fell 9% to $56.47 in early trading Monday after a Wall Street downgrade landed on top of a 137% year-to-date run for the AI server maker. Dell Technologies declined 5% to $539.57 in sympathy, while Super Micro Computer dropped 8% to $37.03, the hardest hit of the three peers as selling spread across every AI infrastructure name in the group. The downgrade note sits behind a paywall, so the research firm, the rating action and the price target were not disclosed. The pullback follows strong results across the group: Hewlett Packard Enterprise posted fiscal Q3 2026 non-GAAP EPS of $1.11 on revenue of $12.213 billion, up 32.7% year over year, and raised its fiscal 2026 non-GAAP EPS guide to $3.75 to $3.85, while Dell reported fiscal Q2 2027 non-GAAP EPS of $7.04 on revenue of $46.97 billion with $60.9 billion in AI server orders and a $95 billion ending backlog. Sentiment was also rattled after Anthropic CEO Dario Amodei called on frontier AI companies to slow the pace of model capability development over the weekend, with OpenAI CEO Sam Altman backing him, even as Oracle reported remaining performance obligations of $664 billion for its most recent fiscal quarter.
Dell Technologies Inc
Hewlett Packard Enterprise Co
Super Micro Computer Inc
Oracle Corporation