HP Enterprise shares surged more than 16% and Dell Technologies rose 10.6% after Oracle reconfirmed its fiscal 2027 capital expenditure plans and identified AI infrastructure suppliers as investment beneficiaries. Oracle CFO Hilary Maxson specifically highlighted HPE and Dell for racks, cooling systems and networking equipment. HP Inc. also gained more than 8%. HPE’s rally followed record fiscal third-quarter results, including $12.2 billion in revenue, up 34% year over year, non-GAAP earnings per share of $1.11 and free cash flow approaching $1 billion. The company raised its full-year free cash flow forecast to at least $3.75 billion and set a fiscal 2027 target above $5 billion. Its purchase commitments rose to $30 billion from $6 billion in the prior quarter, while networking commitments doubled sequentially. RBC Capital Markets gave Dell an Outperform rating and a $640 price target, citing a $95 billion AI server backlog and supply constraints led by memory availability. RBC rated HP Inc. Sector Perform with a $33 target and said management expects AI PCs to reach 60% to 70% of shipments by fiscal 2027, versus about 45% in fiscal third-quarter 2026. HPE shares closed at $61.43, below their 52-week high of $64.25, while the company scheduled a Networking Investor Day for September 30, 2026, in Sunnyvale, California.