3 AI Tech Stocks That Just Crushed Earnings: Are They Still Buys for the Long Term?

John Ballard, The Motley Fool

Sun, June 21, 2026 astatine 11:05 AM CDT 5 min read

Spending connected artificial quality (AI) is not slowing down. Companies that are addressing the increasing request for computing hardware and bundle are reporting beardown gross and earnings.

Three companies that precocious delivered beardown net results -- Hewlett Packard Enterprise (NYSE: HPE), Micron Technology (NASDAQ: MU), and Palantir Technologies (NASDAQ: PLTR) -- each exceeded Wall Street expectations. Let's instrumentality a look astatine what is driving their maturation and whether the momentum makes them coagulated buys for a semipermanent investor.

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Hewlett Packard Enterprise (HPE)

Investment is pouring into AI-optimized information centers to enactment mission-critical workloads crossed grooming and inferencing. These information centers request accelerated networking instrumentality to link and transmit information betwixt thousands of chips. This is opening up a caller maturation avenue for HPE, 1 of the leaders successful endeavor services and exertion infrastructure.

Its latest 4th showed accelerating demand. Revenue grew 40% twelvemonth implicit year, up from 18% successful the erstwhile quarter. Strong gross drove a monolithic net beat, with adjusted net per stock of $0.79 -- supra expert estimates of $0.53. After orders much than doubled, absorption present expects to deed its 2028 net people 2 years early.

HPE's caller acquisition of Juniper Networks strengthens its competitory position. Juniper's precocious networking and AI-driven automation capabilities volition complement HPE's servers and retention business, creating a full-stack AI infrastructure offering. Management indicated that cross-selling products is already starring to larger deals.

Given these trends and management's raised outlook for the year, HPE banal whitethorn person country to run. It trades astatine a guardant price-to-earnings aggregate of 14, which looks inexpensive comparative to analysts' estimates calling for net to turn astatine an annualized complaint of 29% implicit the adjacent respective years.

Micron Technology

Micron has been 1 of the hottest stocks successful the marketplace this year, driven by a terrible representation bottleneck for AI workloads. Memory request has historically been highly cyclical, but investors are betting that AI is creating a much sustainable semipermanent maturation trajectory.

The chipmaker's February-ended 4th showed gross astir tripling twelvemonth implicit twelvemonth to $24 billion. Demand was beardown crossed each representation products, including DRAM, NAND, and high-bandwidth representation (HBM). The crisp summation successful selling prices for these products boosted the company's net per stock to $12.20, acold exceeding expert estimates of $9.