Major U.S. stock indexes closed higher on Monday, with the Dow Jones Industrial Average edging up 0.09% to 51,078.88, the S&P 500 advancing 0.26% to 7,599.96 and the Nasdaq gaining 0.42% to 27,086.80.
These are the top stocks that gained the attention of retail traders and investors through the day:
Hewlett Packard Enterprise (NYSE:HPE)
Hewlett Packard Enterprise’s stock surged 9.20% to close at $47, reaching an intraday high of $47.97 and a low of $43.40. The stock hit a new 52-week high of $47.97. The stock shot up over 28% to $60.18 in the after-hours session.
Hewlett Packard Enterprise reported second-quarter revenue of $10.68 billion and earnings of 79 cents per share, both well above analyst expectations. Revenue increased from $7.63 billion a year earlier, driven by strong demand across the company's networking and AI-related businesses.
Networking revenue surged 148.2% year-over-year to $2.7 billion, while Cloud & AI revenue rose 22.9% to $7.7 billion. HPE said customers continued investing in infrastructure modernization and AI deployment, and the company projected revenue growth of 29% to 33% for fiscal 2026 and 8% to 12% for fiscal 2027.
Meta Platforms (NASDAQ:META)
Meta Platforms saw its stock drop by 5.07%, closing at $600.47, with a high of $635.75 and a low of $599.53. The stock’s 52-week range is between $520.26 and $796.25.
Meta is shifting its focus towards a new revenue model, introducing global subscription tiers for its platforms. The company aims to diversify its revenue streams beyond advertising, targeting a potential $13.5 billion subscription opportunity by 2028.
Credo Technology Group (NASDAQ:CRDO)
Credo Technology Group’s stock fell 4.21% to $226.10, with an intraday high of $243.21 and a low of $223.54. The stock reached a 52-week high of $243.21. In the after-hours session, the stock dropped by 11.7% to $199.55.
Credo Technology reported fourth-quarter fiscal 2026 revenue of $437 million and adjusted earnings of $1.16 per share, both above analyst expectations. Revenue increased 157% year-over-year and 7.4% sequentially, while adjusted gross margin reached 68.3%. The company ended the quarter with $1.4 billion in cash and short-term investments.
Credo projected first-quarter revenue of $465 million to $475 million, above Wall Street estimates, and guided for an adjusted gross margin of 67% to 69%. CEO Bill Brennan said the company expects continued growth in fiscal 2027 as demand for technologies that improve AI infrastructure performance and efficiency remains strong.
Alphabet Inc. (NASDAQ:GOOG)
Alphabet’s Class C stock declined by 1.02%, closing at $372.58, with a high of $374.60 and a low of $369.71. The stock’s 52-week range is between $163.33 and $404.44.
Alphabet announced plans to raise $80 billion to fund AI infrastructure expansion, citing strong demand for AI computing capacity. The financing package included a $30 billion public offering, a planned $40 billion at-the-market offering and a $10 billion private placement.
The private placement involved a $10 billion investment from Berkshire Hathaway, split evenly between Alphabet's Class A and Class C shares. Alphabet said the proceeds would be used to scale AI infrastructure and global computing capacity.
ARM Holdings (NASDAQ:ARM)
ARM Holdings’ stock jumped 15.73% to $408.85, reaching an intraday high of $421.69 and a low of $381.25. The stock achieved a new 52-week high of $421.69. In the after-hours session, the stock rose 1.3% to $414.20.
The surge followed Nvidia’s announcement of the RTX Spark superchip, which features an Arm-based processor co-developed with MediaTek.
Benzinga Edge Stock Rankings indicate HPE stock has a Momentum score in the 96th percentile and a Value in the 19th percentile.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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