Hewlett Packard Enterprise had a standout Tuesday, with shares jumping 27% in premarket trading after the company reported a strong second quarter. Adjusted earnings per share came in at $0.79, beating estimates by $0.26. Revenue hit $10.68 billion, up 40% year over year.
Hewlett Packard Enterprise Company, HPE
The biggest drivers were Networking, which grew 148%, and Cloud and AI, which grew 23%. The company also raised its full-year 2026 adjusted EPS outlook to $3.35–$3.45, well above the previous guidance of $2.30–$2.50 and the analyst consensus of $2.43. Free cash flow guidance was lifted to $3.5 billion from $2 billion.
HPE also introduced a FY2027 growth framework and announced that a partner from Elliott Investment Management will join its board.
Marvell Technology rose 23% after announcing the Teralynx T100, which the company described as the industry’s first 102.4 Tbps AI-optimized switch silicon. The chip is designed for next-generation AI infrastructure in hyperscale data centers.
Marvell said the chip uses up to 25% less power than competing products while improving speed and scalability. Customer sampling is set to begin this quarter. Marvell shares are now up more than 150% year to date.
The company expects FY2027 revenue to grow roughly 40% to nearly $11.5 billion, following 42% growth in FY2026.
Microchip Technology rose 4% after saying its Data Center Solutions unit is expected to grow 65% to around $500 million in calendar year 2026. The company also announced selective price increases to offset rising supplier costs, though it said these will not affect current quarter guidance.
Alphabet dropped 2% after announcing plans to raise $80 billion to fund AI infrastructure expansion. The package includes $30 billion in public offerings, $40 billion through an at-the-market program, and a $10 billion private placement from Berkshire Hathaway.
Berkshire will buy $5 billion in Class A shares and $5 billion in Class C shares. Alphabet said demand for its AI products is outpacing available capacity. The company had already guided for $180–$190 billion in capital expenditures in 2026, with further increases expected in 2027.
On the losing side, Nubank fell 4% after announcing a new CFO, Rob Livingston, effective July 13. Credo Technology dropped 3% despite reporting earnings that beat estimates, as investors had expected even stronger results.
S&P 500 futures were down 0.21% and the 10-year Treasury yield sat at 4.433%. Bitcoin fell 2.90% to $69,413.
The post Today’s Market Movers: Hewlett Packard Surges 27%, Marvell Unveils AI Chip, Alphabet Raises $80B appeared first on CoinCentral.
