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Hewlett Packard stock hits 52-week high ahead of Q2 earnings and unveils new AI server with NVIDIA tech.

Company Fundamentals
01 Jun 2026
Lekha Gupta
View Source
Bullish
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Hewlett Packard Enterprise (HPE) shares surged over 7% in premarket trading, reaching a new 52-week high as investors anticipate the company's Q2 earnings report due after market close on June 1. Analysts expect earnings per share of 54 cents, up 42% year-over-year, and revenue growth of nearly 29%. HPE also announced the launch of the AI-focused ProLiant Compute DL394 Gen12 server powered by NVIDIA's Vera CPU, targeting advanced AI workloads. The stock's strong momentum is supported by bullish technical indicators, though it may be overbought and due for a short-term pullback or consolidation.

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