Artificial intelligence fever is powering Dell Technologies Inc. and Hewlett Packard Enterprise Co. to their best years in the stock market. But with the tech hardware manufacturers set to report earnings over the next two days, investors don't know if there's anything they can say or do to extend the rally further.

The AI-driven surge has lifted both stocks to record highs, creating heightened expectations for the upcoming quarterly results. Dell, headquartered in Round Rock, Texas, and HPE face pressure to demonstrate that AI server demand translates into sustainable revenue growth and margin improvement.

Analysts are watching closely for guidance on AI infrastructure spending cycles and competitive dynamics in the server market. The earnings reports will serve as a critical validation point for the massive stock appreciation driven largely by AI optimism rather than fundamental financial performance.