---
title: "AI earnings and analyst upgrades drive tech sector rally"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/288408197.md"
description: "AI-driven earnings from Dell, Credo, and HPE propelled tech stocks to multi-year highs. Concurrently, William Blair upgraded Cloudflare, Fastenal, and Ethos Technologies to its Conviction List based on AI growth potential. Meanwhile, Cathie Wood’s ARK pivoted capital toward AI hardware, autonomous defense, and health intelligence, reducing exposure to retail trading and fintech sectors."
datetime: "2026-06-02T10:39:11.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/288408197.md)
  - [en](https://longbridge.com/en/news/288408197.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/288408197.md)
---

# AI earnings and analyst upgrades drive tech sector rally

Earnings spark rally: Dell, Credo, and HPE posted blowout AI-driven results, lifting tech and software stocks to multi-year highs. Analyst conviction picks: William Blair added Cloudflare, Fastenal, and Ethos Technologies to its Conviction List, citing AI demand and growth potential. Portfolio pivot: Cathie Wood’s ARK shifted capital into AI hardware, autonomous defense, and health intelligence, trimming retail trading and fintech positions.

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## Related News & Research

- [Dell Is the General Contractor of the Next Wave of the AI Buildout. DELL Stock Is Set to Win.](https://longbridge.com/en/news/288466774.md)
- [Credo Technology Group Chief Legal Officer, Secretary Sold Shares Worth Over $1.1M](https://longbridge.com/en/news/289096969.md)
- [Manufacturing surge and AI boom fuel market momentum](https://longbridge.com/en/news/288455439.md)
- [Top Tech Insider Makes a Big Move With Credo Technology Stock](https://longbridge.com/en/news/288928908.md)
- [Morgan Stanley Revamps Its Dell Stock Price Target After Blowout Earnings. Dell Is Expanding Beyond the AI Boom.](https://longbridge.com/en/news/288894402.md)