Hewlett Packard Enterprise (HPE) announced a partnership with Nvidia to enhance its position in the AI industry. At the Discover conference in Las Vegas, HPE unveiled plans for new generative AI solutions, named HPE’s Nvidia AI Computing, to accelerate AI adoption within private cloud environments. This collaboration will offer enterprise customers AI hardware and software tools co-developed by Nvidia and HPE, as well as consulting services for successful integration. The move is expected to drive recurring revenue and boost HPE’s profit margins.
Addressing the demand for private cloud AI solutions, HPE aims to provide users with the ability to customize pre-trained language models from OpenAI or Nvidia with their data. Analyzing HPE’s stock performance reveals a Hold consensus rating, with analysts projecting a potential downside of 3.39% from the current stock price. On the other hand, Nvidia’s stock has a Strong Buy consensus rating, with analysts forecasting a potential upside of 3.9% from the current price level. This successful partnership highlights both companies’ commitment to innovation and growth in the AI market.
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https://www.nasdaq.com/articles/hpe-teams-nvidia-boost-ai-market-presence