Hewlett Packard Enterprise Sees Stock Surge on Strong AI Server Demand

Company forecasts higher third-quarter revenue and raises full-year guidance as AI server orders boost earnings.

Shares rose over 14% in premarket trading following upbeat earnings and revenue forecasts.
AI server revenue more than doubled to $900 million, driving overall server revenue growth of 18%.
Order backlog for AI servers remains strong, with new orders significantly higher than previous quarters.
Company projects third-quarter revenue between $7.4 billion and $7.8 billion, surpassing analysts' estimates.
Full-year adjusted earnings guidance raised to $1.85-$1.95 per share from previous $1.82-$1.92 range.