HPE Q2 revenue surges 40% as its AI infrastructure spending accelerates

Hewlett Packard Enterprise posted record Q2 revenue of $10.68 billion, up 40% year over year, as companies, governments and cloud providers accelerated AI infrastructure spending, sending the stock up over 9% in regular trading and as much as 37% in extended sessions. The AI and cloud spend surge could indirectly support crypto and blockchain adoption by expanding capacity for cloud-hosted nodes, AI-powered trading and DeFi services, boosting infrastructure and exchange readiness for token launches and other crypto use cases.