S&P 500 Futures Rally 100 Points, Tech Sector Leads
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 09 2026
0mins
Should l Buy HPE?
S&P 500 futures staged a rip-roaring 100 point rally in the final hour of Monday's trading above 6,815 following CBS News headlines relating that President Trump deems the Iran war to be largely over, with Tech - particularly Semis and Hardware - ending the day as the best sector in the index. Speaking to reporters this evening however, Trump has seemingly walked back the rhetoric interpreted as de-escalation with remarks that while he expects the war to be over soon, this will not happen this week. In the opening hour of the evening session, the S&P 500 contract is down 0.3%, back below 6,800 mark, with Nasdaq 100 futures also falling back by 0.3% below the 25,000 level.The headline-roulette volatility was similarly apparent in the energy market, as WTI Crude Oil futures had fallen all the way down to $81 per barrel on the initial reports of Trump comments on Iran. The evening session is seeing the contract trade north of $88.On Tuesday, traders will still tune in to CPI data, albeit the February release has been made less relevant by the stagflationary threat brought on by the Middle East escalation and oil markets shock uncorked last weekend.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -HP Enterpriseup 1.1%ALSO HIGHER -Joby Aviationup 3.1% after announcement company will begin U.S. Operations in 2026 under White House Air Taxi ProgramDOWN AFTER EARNINGS -FreightCar Americadown 19.6%Myomodown 11.3%Yalla Groupdown 9.0%Yextdown 4.1%Casey's General Storesdown 2.2%Vail Resortsdown 1.2%ALSO LOWER -Diversified Energy Companydown 2.1% after equity offering
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Analyst Views on HPE
Wall Street analysts forecast HPE stock price to fall
16 Analyst Rating
8 Buy
8 Hold
0 Sell
Moderate Buy
Current: 28.160
Low
21.00
Averages
27.13
High
31.00
Current: 28.160
Low
21.00
Averages
27.13
High
31.00
About HPE
Hewlett Packard Enterprise Company is a global technology company focused on developing intelligent solutions that allow customers to capture, analyze and act upon data seamlessly from edge to cloud. Its customers range from small-and-medium-sized businesses to large global enterprises and governmental entities. Its segments include Server, Hybrid Cloud, Networking, Financial Services, and Corporate Investments and Other. Its Server segment offerings consist of general-purpose servers for multi-workload computing, workload-optimized servers, and integrated systems. Its Hybrid Cloud segment offers a range of cloud-native and hybrid solutions across storage, private cloud and the infrastructure software-as-a-service space. The Networking segment develops and sells high-performance networking and security products and services. Its Financial Services segment provides flexible investment solutions, such as leasing, financing, IT consumption, utility programs, and asset management services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Bank of America Raises Price Targets for Dell and HPE Amid AI Demand Surge
- Surge in AI Demand: Analysts at Bank of America highlight that the rise of agentic AI will drive increased demand for servers and storage from Dell and HPE, with expectations of improved sales momentum for traditional servers over the coming years, thereby solidifying their market positions.
- Price Target Increases: Dell's price target has been raised from $205 to $246, while HPE's target has been lifted from $32 to $38, reflecting growing market confidence in their capabilities within the AI sector.
- Market Share Growth: Dell is projected to capture a 12% share of the AI server market by 2026, valued at $496 billion, while HPE is also expected to benefit from its premium AI server offerings, estimating $6.5 billion in revenue by 2026.
- Increased Infrastructure Spending: The evolution of agentic AI is anticipated to significantly boost corporate spending on AI servers, storage, and infrastructure, enhancing both Dell's and HPE's shares in the traditional server market and further strengthening their competitive edge.
See More
Super Micro Faces Key Customer Fallout with Oracle
- Order Cancellation Impact: Oracle's cancellation of an order for 300 to 400 Super Micro GB300 NVL72 server racks has led to a 7.6% drop in Super Micro's stock by 10:30 a.m., indicating strained relations with a key customer that could affect future sales and market confidence.
- Potential Scandal Risk: Analysts suggest that Oracle's move may be an attempt to distance itself from allegations against Super Micro co-founder Yih-Shyan 'Wally' Liaw regarding illicit sales of Nvidia chips to China, which could lead to further contract losses and exacerbate Super Micro's market challenges.
- Sales Decline Trend: Super Micro is also experiencing sales losses to xAI, which may not be directly related to SpaceX's IPO; however, SpaceX's refusal to purchase Super Micro's older B200 GPU chips in favor of faster products from Dell and Hewlett Packard Enterprise could result in inventory backlog for Super Micro.
- Market Valuation Drop: Despite an 18.5% decline in stock price over the past year, Super Micro's current price-to-earnings ratio stands at 21, and analysts project a 26% growth in earnings over the next five years, suggesting that the investment value of Super Micro may be emerging as risks are priced in.
See More
Hewlett Packard Enterprise (HPE.US) Insider Plans to Sell 3.88 Million Shares of Common Stock via Form 144
Stock Sale Announcement: Antonio F. Neri plans to sell 150,000 shares of his common stock in Hewlett Packard Enterprise (HPE) on April 17, with an estimated market value of approximately $3.88 million.
Reduction in Shareholding: Neri has reduced his shareholding in HPE by 264,430 shares since March 25, 2026, amounting to a total value of around $6.66 million.
See More
Mixed US Stock Performance Amid Soaring Oil Prices
- Oil Price Surge Impacts Market: Following President Trump's order to blockade the Strait of Hormuz, crude oil prices surged over 5%, putting pressure on the stock market, particularly affecting airline and cruise line stocks, indicating potential threats to corporate profits from oil price volatility.
- Software Stocks Rebound: Oracle's stock jumped over 8%, leading a rebound in software stocks, suggesting a positive market response to its newly launched utilities industry solutions, which may enhance the company's position in a competitive market.
- Weak Economic Data: March existing home sales in the US fell 3.6% month-over-month to a nine-month low of 3.98 million, below the expected 4.05 million, indicating weakness in the housing market that could negatively impact overall economic growth.
- Earnings Season Outlook: Q1 earnings for the S&P 500 are projected to rise 12% year-over-year, but excluding the technology sector, the increase is only 3%, the lowest in two years, reflecting cautious market sentiment regarding future profitability.
See More
Oil Price Surge Triggers Market Volatility
- Oil Price Surge: Following President Trump's order for a full naval blockade of the Strait of Hormuz, WTI crude oil prices have surged over 7%, which could exacerbate global oil and fuel shortages, impacting market supply-demand dynamics.
- Mixed Market Performance: While the S&P 500 index is up 0.05%, the Dow Jones Industrial Average has fallen by 0.39%, indicating market sensitivity to oil price fluctuations that may lead to investor sentiment instability.
- Earnings Expectations: According to Bloomberg Intelligence, Q1 earnings for the S&P 500 are projected to rise by 12% year-over-year, but excluding the technology sector, the increase is only 3%, highlighting overall earnings growth weakness.
- Airline Stocks Decline: Due to rising oil prices, airline and cruise line stocks have generally fallen, with Carnival and Norwegian Cruise Line both down over 3%, reflecting the potential threat of high oil prices on corporate profits.
See More
Raymond James Downgrades Hewlett Packard Enterprise Rating
- Rating Downgrade: Raymond James downgraded Hewlett Packard Enterprise (HPE) from Strong Buy to Outperform and lowered the price target from $30 to $29, reflecting uncertainty around future growth despite analysts still viewing the stock as attractive.
- Market Reaction: HPE shares dipped about 1% in premarket trading on Monday, indicating market sensitivity to the rating change, although analysts believe there is still significant upside potential for the stock.
- Strategic Shift: Analysts noted that HPE's strategy to focus on AI profits rather than market share, while sensible, may hinder growth, particularly as the Cloud and AI segments are not driving the anticipated growth.
- Competitive Dynamics: While analysts suggest HPE could gain market share from Supermicro, they believe Dell and Gigabyte are more likely to capitalize on this opportunity, indicating a potential weakening of HPE's market power among large cloud service providers.
See More
Bank of America Raises Price Targets for Dell and HPE Amid AI Demand Surge
- Surge in AI Demand: Analysts at Bank of America highlight that the rise of agentic AI will drive increased demand for servers and storage from Dell and HPE, with expectations of improved sales momentum for traditional servers over the coming years, thereby solidifying their market positions.
- Price Target Increases: Dell's price target has been raised from $205 to $246, while HPE's target has been lifted from $32 to $38, reflecting growing market confidence in their capabilities within the AI sector.
- Market Share Growth: Dell is projected to capture a 12% share of the AI server market by 2026, valued at $496 billion, while HPE is also expected to benefit from its premium AI server offerings, estimating $6.5 billion in revenue by 2026.
- Increased Infrastructure Spending: The evolution of agentic AI is anticipated to significantly boost corporate spending on AI servers, storage, and infrastructure, enhancing both Dell's and HPE's shares in the traditional server market and further strengthening their competitive edge.
See More
Super Micro Faces Key Customer Fallout with Oracle
- Order Cancellation Impact: Oracle's cancellation of an order for 300 to 400 Super Micro GB300 NVL72 server racks has led to a 7.6% drop in Super Micro's stock by 10:30 a.m., indicating strained relations with a key customer that could affect future sales and market confidence.
- Potential Scandal Risk: Analysts suggest that Oracle's move may be an attempt to distance itself from allegations against Super Micro co-founder Yih-Shyan 'Wally' Liaw regarding illicit sales of Nvidia chips to China, which could lead to further contract losses and exacerbate Super Micro's market challenges.
- Sales Decline Trend: Super Micro is also experiencing sales losses to xAI, which may not be directly related to SpaceX's IPO; however, SpaceX's refusal to purchase Super Micro's older B200 GPU chips in favor of faster products from Dell and Hewlett Packard Enterprise could result in inventory backlog for Super Micro.
- Market Valuation Drop: Despite an 18.5% decline in stock price over the past year, Super Micro's current price-to-earnings ratio stands at 21, and analysts project a 26% growth in earnings over the next five years, suggesting that the investment value of Super Micro may be emerging as risks are priced in.
See More
Hewlett Packard Enterprise (HPE.US) Insider Plans to Sell 3.88 Million Shares of Common Stock via Form 144
Stock Sale Announcement: Antonio F. Neri plans to sell 150,000 shares of his common stock in Hewlett Packard Enterprise (HPE) on April 17, with an estimated market value of approximately $3.88 million.
Reduction in Shareholding: Neri has reduced his shareholding in HPE by 264,430 shares since March 25, 2026, amounting to a total value of around $6.66 million.
See More
Mixed US Stock Performance Amid Soaring Oil Prices
- Oil Price Surge Impacts Market: Following President Trump's order to blockade the Strait of Hormuz, crude oil prices surged over 5%, putting pressure on the stock market, particularly affecting airline and cruise line stocks, indicating potential threats to corporate profits from oil price volatility.
- Software Stocks Rebound: Oracle's stock jumped over 8%, leading a rebound in software stocks, suggesting a positive market response to its newly launched utilities industry solutions, which may enhance the company's position in a competitive market.
- Weak Economic Data: March existing home sales in the US fell 3.6% month-over-month to a nine-month low of 3.98 million, below the expected 4.05 million, indicating weakness in the housing market that could negatively impact overall economic growth.
- Earnings Season Outlook: Q1 earnings for the S&P 500 are projected to rise 12% year-over-year, but excluding the technology sector, the increase is only 3%, the lowest in two years, reflecting cautious market sentiment regarding future profitability.
See More
Oil Price Surge Triggers Market Volatility
- Oil Price Surge: Following President Trump's order for a full naval blockade of the Strait of Hormuz, WTI crude oil prices have surged over 7%, which could exacerbate global oil and fuel shortages, impacting market supply-demand dynamics.
- Mixed Market Performance: While the S&P 500 index is up 0.05%, the Dow Jones Industrial Average has fallen by 0.39%, indicating market sensitivity to oil price fluctuations that may lead to investor sentiment instability.
- Earnings Expectations: According to Bloomberg Intelligence, Q1 earnings for the S&P 500 are projected to rise by 12% year-over-year, but excluding the technology sector, the increase is only 3%, highlighting overall earnings growth weakness.
- Airline Stocks Decline: Due to rising oil prices, airline and cruise line stocks have generally fallen, with Carnival and Norwegian Cruise Line both down over 3%, reflecting the potential threat of high oil prices on corporate profits.
See More
Raymond James Downgrades Hewlett Packard Enterprise Rating
- Rating Downgrade: Raymond James downgraded Hewlett Packard Enterprise (HPE) from Strong Buy to Outperform and lowered the price target from $30 to $29, reflecting uncertainty around future growth despite analysts still viewing the stock as attractive.
- Market Reaction: HPE shares dipped about 1% in premarket trading on Monday, indicating market sensitivity to the rating change, although analysts believe there is still significant upside potential for the stock.
- Strategic Shift: Analysts noted that HPE's strategy to focus on AI profits rather than market share, while sensible, may hinder growth, particularly as the Cloud and AI segments are not driving the anticipated growth.
- Competitive Dynamics: While analysts suggest HPE could gain market share from Supermicro, they believe Dell and Gigabyte are more likely to capitalize on this opportunity, indicating a potential weakening of HPE's market power among large cloud service providers.
See More
