HPE stock jumps on $6.3B AI backlog and strong growth outlook

Hewlett Packard Enterprise (HPE) has seen a significant stock rally following a July 2026 call highlighting its $6.3 billion AI backlog and attractive valuation. This surge reflects growing market confidence in HPE's transformation into a leading AI-focused company. Despite skepticism from some critics, HPE's strategic focus on AI is driving its growth potential and making it a key player in the evolving tech landscape. Investors are recognizing HPE as a must-own stock due to its accelerating AI-driven business.

Hewlett Packard Enterprise (HPE) trades at USD 66.07 on Pluang as of Oct 14, 2026 19:12 WIB, down 3.97% in the past day despite the recent rally highlighted in the news. The stock holds a market cap of $91.34 billion and an enterprise value of $105.37 billion, with a dividend yield of 0.83%. Notably, 89% of Pluang order activity is selling, indicating cautious investor sentiment even as HPE's AI backlog and growth potential gain attention.