Oracle's Capital Expenditure Guidance Boosts AI Server Demand: HPE and Dell Rise

Oracle's capital expenditure guidance increasing AI server demand is a positive medium-term signal for ORCL, but the short-term technical picture is weak. The stock fell 3.7% in the last 24 hours to 152.84, and with an RSI of 36, it is approaching oversold territory, raising the possibility of a rebound. However, the MACD is negative and below the signal line, and the price is below the SMA20, indicating that short-term momentum is still downward. The news impact is more pronounced in competitors like HPE and Dell, while its reflection on ORCL may be limited. Nevertheless, with oversold conditions and positive news flow combined, there is a chance of a limited recovery within 1-3 days, so I assess the direction as 'up' but with low confidence.

HPE stock rose 16.8% in 24 hours, showing strong momentum, with its RSI reaching 68, approaching overbought territory. News that Oracle's capital expenditure guidance is boosting demand for AI servers serves as a positive catalyst for server manufacturers like HPE. The stock is trading above its MACD signal line and both its 20-day and 50-day simple moving averages, supporting a short-term uptrend. However, the elevated RSI and the rapid gains in recent days increase the risk of profit-taking in the short term. Nevertheless, in light of the news flow and technical indicators, the 1-3 day outlook is positive.

Oracle's capital expenditure guidance increasing AI server demand is a positive short-term catalyst for Dell. The price has already risen 7% in 24 hours and the RSI at 65 is approaching overbought territory, which brings some risk of profit-taking. The MACD is above the signal line and trading above the SMA20 and SMA50, so the technical picture remains intact. Since the news flow confirms sector demand, the upward trend may continue in the 1-3 day horizon, but it is prudent to be cautious at current levels.

The news that Oracle's capital expenditure guidance has increased demand for AI servers is a positive catalyst for server manufacturers like SMCI. The rise in HPE and Dell indicates sector-wide optimism. Technical indicators are also supportive: the price is above the SMA20 and SMA50, the RSI at 57 is not in overbought territory, and the MACD is close to the signal line. However, the MACD is still in negative territory and the impact of the news may be limited. A short-term upward movement is possible, but volume confirmation is needed for sustainability.