Stock Market Update

[BRIEFING.COM] The major averages are higher across the board as the market enters the final half hour of the session, well-positioned to notch record closing highs to go along with their record intraday levels.

After the close, Hewlett Packard Enterprise (HPE 47.54, +4.50, +10.46%) will look to keep momentum up across the tech space with its Q2 earnings report.

The stock enters tonight's report with expectations running high following a massive rally that has pushed the stock to record levels. Last week's strong results and optimistic AI commentary from Dell (DELL 467.98, +47.07, +11.18%) and NetApp (NTAP 177.95, +3.66, +2.10%) have raised confidence that enterprise AI spending remains robust, but they have also elevated the bar for HPE. Investors will be looking for evidence that the company is successfully converting its record AI backlog into revenue while maintaining healthy margins and cash generation. Networking demand remains a bright spot, particularly within AI-related data center switching, while GreenLake and hybrid cloud offerings continue to support the longer-term recurring revenue story. Ultimately, guidance may matter more than the quarter itself, as investors look for management to raise its FY26 outlook and reinforce confidence that HPE remains a major beneficiary of the ongoing AI infrastructure buildout.