Hewlett Packard Company HPE and NVIDIA NVDA are set to launch a suite of AI solutions called NVIDIA AI Computing from HPE. The premarket trading on Tuesday saw a rally in stocks, with HPE’s stock trading 2.47% higher at $22.38. This collaboration follows HPE’s return to revenue growth in June, driven by AI momentum. The portfolio includes HPE Private Cloud AI and HPE GreenLake cloud, providing businesses with an efficient path to developing and deploying generative AI applications. The availability of NVIDIA AI chips boosted HPE’s server business, resulting in 18% year-over-year growth in server and AI systems revenue totaling over $900 million. This trend presents a significant growth opportunity for NVIDIA, expected to generate nearly $10 billion in revenue this year. The increasing demand for national AI infrastructure has prompted governments worldwide to invest heavily in this area. As Apple and NVIDIA trade near all-time highs, investors are urged to cash in on AI stocks according to Jim Cramer.
Article Source
https://www.tradingview.com/news/benzinga:9169d255f094b:0-nvidia-magic-hewlett-packard-stock-continues-upward-movement-in-pre-market-after-announcing-ai-partnership-with-jensen-huang-led-company/
