2024-03-07 11:37:03 ET
Summary
- Hewlett Packard Enterprise is noting strong demand for AI GPU-based server products.
- Despite a mixed quarterly report, the stock has rallied around a wave of positive industry sentiment.
- The next few quarters will be critical to confirm HPE is capitalizing on the AI tech boom.
Hewlett Packard Enterprise ( HPE ) has quietly reclaimed an all-time high set back in 2018, rallying sharply off its latest quarterly report. Despite otherwise mixed results, management comments citing an "AI server demand explosion" highlighted the company's connection to the hottest theme in tech as a runway for stronger growth going forward....
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Hewlett Packard Enterprise: The Server Business Is Cool Again