Dell and HPE Surge 12% After Oracle Names Them as AI Suppliers

Oracle CFO Hilary Maxson announced that the company plans to spend between $90 billion and $95 billion in capital expenditure for fiscal year 2027, primarily on AI data center infrastructure, while naming Dell and HPE as key suppliers. Following the announcement, Dell shares rose 11.98% to a record high, and HPE shares climbed 12.44%. Dell's growth is further supported by a record $95 billion backlog in AI server orders and a positive rating from RBC Capital Markets.