New Delhi, June 2 -- Shares of Hewlett Packard Enterprise surged 38% in Tuesday's trade on 2 June, hitting a fresh record high of $64.25 apiece, after investors cheered the company's strong fiscal second-quarter earnings and an upgraded annual sales outlook that surpassed Wall Street estimates.

The stronger guidance once again highlighted how booming demand for AI-related hardware continues to drive server sales. If the rally sustains through the close, it will mark the stock's biggest single-day gain since 2015.

For the quarter ended April, HPE's revenue jumped 40% year-on-year to $10.7 billion, significantly ahead of analysts' average estimate of $9.74 billion, according to Bloomberg data. The growth was primarily driven by the Junipe...