Sep 2, 2026 · 9 min
AI infrastructure lifts Dell and HPE forecasts
Closing Bell: Dell Soars, GE Vernova Rallies, HP Rises After Earnings
The market moves show how sustained AI infrastructure spending is reshaping technology earnings while value retail and consumer demand remain uneven.
- 1Dell raised its sales outlook as surging AI-server demand drove a sharp share-price gain.
- 2HPE lifted earnings, revenue-growth and free-cash-flow expectations for servers and networking equipment.
- 3Five Below, Snowflake and Petco showed how value retail, software growth and consumer spending are diverging.
Don't miss
Dell’s raised sales forecast, tied to surging AI-server demand, becomes the clearest signal of how infrastructure spending is driving earnings reactions.
The brief
Bloomberg hosts Tim Stenebeck and Romaine Bostick open with a market roundup centered on post-earnings moves, as investors weigh whether AI infrastructure spending can keep powering technology stocks.
Dell’s stronger sales outlook, driven by surging AI-server demand, sends its shares higher. The discussion links that move to upcoming results from Broadcom and HPE.
HPE raises its full-year earnings, revenue-growth and free-cash-flow forecasts, reinforcing the episode’s central theme: demand for servers and networking equipment remains resilient.
The roundup widens beyond technology: GE Vernova rallies, Five Below beats expectations on value-focused retail, and Snowflake raises its product-revenue and margin outlook.
Petco’s broadly in-line results close the market scan, leaving a mixed earnings-season picture in which AI spending is strong but consumer businesses remain more measured.
What was said on this episode
4 statements · 4 positive
Dell shares rose 15.8% after earnings
“Shares were up more than 200% going into this. Dell shares up, wow, on the day 15.8% today.”
Listen at 0:44
Dell’s AI-server forecast is three times the prior year’s
“The AI server forecast, though, to contextualize this a little bit, a threefold increase over the prior year.”
Listen at 1:27
Dell secured over $130 billion in AI-server orders
“The company's worked more than $130 billion in AI server orders just in the past 12 months.”
Listen at 1:33
Snowflake’s release further boosted an already heavily bought stock
“a lot of investors had piled into this really pushing it up but obviously getting a little bit more juice based on that release that we just got”
Listen at 6:41
Statements are attributed to the speaker as said on the episode and reflect their view at the time, not PodLume's. They are not advice.