Keep pulling the thread on Closing Bell.
HP's stock finished as the top gainer in the S&P 500, rising approximately 19% for the day.
HP provided an annual sales outlook that exceeded Wall Street estimates, driven by massive growth in AI-fueled demand for its servers and networking equipment.
HP forecasts its revenue will increase by approximately 31% in the fiscal year ending in October.
HP projects its revenue will increase by about 10% in the year ending in October 2027.
In the quarter that ended in April, HP's revenue increased by 40% to $10.7 billion, led by a 33% jump in server sales to $5.5 billion.
Nvidia's CEO, Jensen Huang, predicted that Marvell Technology will be the next company to achieve a $1 trillion valuation.
Nvidia invested $2 billion in Marvell Technology three months ago as part of a broader partnership.
Victoria's Secret stock surged 47.5%, its largest single-day gain ever, after the company beat earnings estimates and raised its outlook.
Alphabet is raising $80 billion through a package of equity offerings, which includes an investment deal with Berkshire Hathaway.
Alphabet plans to use the proceeds from its $80 billion equity offering to fund AI spending, including infrastructure for developing advanced AI models.
Alphabet's capital expenditures in 2027 are expected to be significantly higher than the up to $190 billion budgeted for 2026.
Some analysts estimate that Alphabet's capital expenditures could reach $300 billion in 2027.