HPE stock hits record ahead of earnings as AI server trade faces new test

Hewlett Packard Enterprise stock is at a record ahead of Monday’s earnings. Shares jumped 12.64% Friday, riding a surge in AI server names sparked by Dell. Expectations for HPE are now higher.

Hewlett Packard Enterprise Stock Jumps as Activist Investors Circle Its AI Networking Pivot

Hewlett Packard Enterprise Stock Jumps as Activist Investors Circle Its AI Networking Pivot

Shares of Hewlett Packard Enterprise climbed Wednesday following a Semafor report that additional activist investors—among them Irenic Capital—have entered the stock, intensifying the pressure already coming from Elliott Management. Both HPE and Elliott declined to give Semafor a comment. The report noted Irenic’s strategy remains unclear.