HPE stock is expected to surge over 15% when trading opens on Wednesday after a strong financial report for the latest quarter. Revenues of $7.2 billion exceeded expectations and profits beat forecasts, driven by growing demand for AI servers, which accounted for more than half of sales. The server segment saw a revenue increase of 18% year over year, with AI systems revenue more than doubling to $900 million. This positive performance stands in stark contrast to Dell Technologies’ recent quarterly report. Overall, HPE’s stock is up about 20% for the year following months of lackluster performance.
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