Hewlett Packard Enterprise HPE shares have gained 17.5% in the year-to-date period. HPE stock has underperformed the Zacks Computer - Integrated Systems industry, Zacks Computer and Technology Sector and the S&P 500 index’s return of 27.

General Motors and Ford Motor were downgraded by Morgan Stanley on Chinese compeition. U.S. equities were mostly lower at midday Wednesday, a day after the Dow Jones Industrial Average and the S&P 500 closed at fresh record highs. The Dow and the S&P 500 were down, and the Nasdaq was little changed.

Hewlett Packard Enterprise Co. closed $3.99 short of its 52-week high ($22.82), which the company achieved on June 18th.

Shares of Hewlett Packard Enterprise rose some 4.2% Thursday afternoon. Wednesday's 50 basis point rate cut signals aggressive easing, impacting companies like Hewlett Packard Enterprise.

Hewlett Packard Enterprise (HPE) shares surged 5% after Barclays upgraded the stock to overweight from equal weight, raising the price target to $24 from $20. Barclays says HPE stock does not have what it calls an "AI premium" seen with other tech names,

This was the stock's fourth consecutive day of gains.