On Wednesday, Hewlett Packard Enterprise (HPE.US) shares climbed 8% to $66.42.

On the news front, Hewlett Packard Enterprise announced it has secured a $1.2 billion order from cloud infrastructure company Vultr to supply Helios AI racks equipped with AMD chips.

Hewlett Packard Enterprise also revised its outlook for fiscal 2027 and beyond. The company now expects its networking business to grow at around 20% in fiscal 2027, as its data center networking market share continues to expand.

It anticipates that data center networking revenue will grow at a compound annual growth rate of more than 50% through fiscal 2029.