On August 13, Hewlett Packard Enterprise rose 3.1% in pre-market trading, trading at $60.6 per share.

On the news front, Morgan Stanley recently upgraded its IT hardware sector rating and specifically named HPE as a favored pick, citing further upside in earnings estimates for hardware stocks, particularly server and storage equipment vendors. The firm's analysts noted that surging memory chip prices are creating a \"fear of missing out\" dynamic among enterprise buyers, accelerating server and storage procurement to lock in prices and avoid supply shortages. AI-related capacity expansion is driving server and storage growth to historically elevated levels.

The upgrade builds on Morgan Stanley's August 10 decision to raise HPE's individual rating from Equalweight to Overweight with a $69 price target. Goldman Sachs simultaneously maintained its Buy rating with a $75 target, while Citigroup previously raised its target to $74, citing strong AI infrastructure demand. Peer Dell Technologies also rose 3.29% in pre-market trading, with the broader AI hardware sector extending its momentum. Additionally, Lenovo's strong earnings results further boosted sentiment across AI server suppliers.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)