Nvidia unveils PC superchip; HPE surges 36%

Nvidia CEO Jensen Huang used his June 1 keynote in Taipei to widen the company’s AI pitch from data centers to desktop machines. Hewlett Packard Enterprise, hours later, raised its fiscal 2026 outlook after reporting record quarterly results, sending its shares up 36% in extended trading. Micron’s previously disclosed sale of its entire 2026 high-bandwidth-memory supply under long-term agreements added to the picture investors were trading against on Monday. Together, the announcements put fresh focus on the companies building AI systems around chips, networking and memory, not only on the chip designers themselves. ### What did Huang actually unveil in Taiwan? Taipei was the setting for Huang’s Computex keynote, where Nvidia said Vera Rubin is now in production and outlined new systems for what it calls AI-first personal computing. Nvidia’s conference coverage said the company is expanding its MGX architecture for rack-scale AI infrastructure and pairing that with new power and cooling designs for large deployments. (blogs.nvidia.com) Nvidia’s earlier product announcement for the same event cycle said Acer, ASUS, Dell Technologies, Gigabyte, HP, Lenovo and MSI would build DGX Spark and DGX Station systems. Nvidia said DGX Spark uses the GB10 Grace Blackwell Superchip and offers up to 1 petaflop of AI compute with 128GB of unified memory, while DGX Station uses the GB300 Grace Blackwell Ultra Desktop Superchip and offers up to 20 petaflops with 784GB of unified system memory. (blogs.nvidia.com) ### Why did HPE’s stock move so much? Hewlett Packard Enterprise reported second-quarter revenue of $10.7 billion on June 1, up 40% from a year earlier, and said it was raising fiscal 2026 guidance. The company said non-GAAP diluted earnings per share were 79 cents, above its prior outlook range, and described the quarter as record-setting for revenue, margin and second-quarter free cash flow. (nvidianews.nvidia.com) Reuters reported HPE shares rose 36% in extended trading after the results. HPE also raised its fiscal 2026 revenue growth outlook to 29% to 33%, from 17% to 22% previously, and lifted its adjusted EPS range to $3.35 to $3.45 from $2.30 to $2.50. Marie Myers, HPE’s chief financial officer, told Reuters the quarter’s strength was “largely driven by the performance of our traditional server business,” which she said is focused on enterprise customers. (hpe.com) Myers also said HPE expects to “ship and convert significantly more AI revenue in the back half of the year” and that it should peak in the fourth quarter. (money.usnews.com) ### Where does the server demand show up in HPE’s numbers? HPE said networking revenue reached $2.7 billion, up 148.2% from a year earlier, while data center networking revenue rose 233.3% to $320 million. Reuters reported the company’s total AI backlog exceeded $6.3 billion, including AI systems and networks for AI, with 61% tied to government and large business clients. (money.usnews.com) HPE’s earnings materials also showed the company booked $1.8 billion in new AI systems orders during the quarter, taking cumulative AI systems bookings to $16.4 billion, according to the company’s earnings call transcript. It entered the third quarter with $5.9 billion in AI systems backlog. ### What does Micron add to this picture? (hpe.com) Micron said in its fiscal first-quarter 2026 release that it had completed agreements on price and volume for its entire calendar 2026 HBM supply, including HBM4. The company said that gave it visibility into one of the most supply-constrained parts of the AI hardware chain. (fool.com) Micron also said it expects the total addressable market for HBM to rise from about $35 billion in 2025 to around $100 billion in 2028. That disclosure matters because HBM is a critical memory component for AI accelerators and servers, and Micron has already said its 2026 output is committed. ### Which companies are in the next round of updates? (investors.micron.com) HPE said Chief Strategy Officer Shannon Cross is scheduled to speak at the Evercore TMT Global Conference on June 2. Micron’s next reported earnings date is estimated for June 24, 2026, according to market-tracking services that list the company’s reporting calendar. (investors.hpe.com) (investors.micron.com)