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TSM - Hewlett Packard Enterprise Company's Downward Trajectory Is Just Beginning
Taiwan Semiconductor Manufacturing Company Ltd.
2024-03-16 09:22:25 ET
Summary
Hewlett Packard Enterprise faces challenges in FY24 as customers are slow to implementing server infrastructure purchased in FY23, impacting revenue growth.
Bottlenecks resulting from high demand for Nvidia accelerators may not resolve until late 2024 as Taiwan Semiconductor brings new capacity online in the tail-end of 2024.
HPE anticipates stronger margins from as-a-service offerings and forecasts significant ARR growth, but server revenue is expected to decline.