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.
Featuring
Romaine Bostick
Dell Technologies
GE Vernova
The Wizard of OzListen to the full episode and explore every guest, topic, and moment on PodLume.