:max_bytes(150000):strip_icc()/HPEChart-9f947cb0fa844eaebb2c4fbbcdb3b8d1.GIF?w=1500&resize=1500,571&ssl=1 "HP Enterprise Stock Soars Due to Increased AI Server Demand Leading to Earnings Beat")
HP Enterprise shares rose significantly in premarket trading on Wednesday following a strong earnings report that surpassed analyst expectations and led to an increase in full-year guidance. The company’s server revenue grew by 18% year-over-year to $3.9 billion, with AI systems revenue more than doubling sequentially to over $900 million, driven by a surge in … Read more
Hewlett Packard Company reported strong financial results for the April quarter, with revenue of $7.2 billion, up 3% year-over-year. The company’s earnings per share were above expectations, driven by demand for AI servers. CEO Antonio Neri mentioned the availability of H100 chips was much better than in previous quarters, resulting in backlog orders for AI … Read more
Nvidia’s profits were anticipated to contribute to market growth, but despite this, major indices like ^DJI, ^IXIC, and ^GSPC were falling as the trading day closed on Thursday. Investing expert Ryan Detrick of Carson Group commented on Nvidia’s performance, calling them “the star” and suggesting that the market may simply be experiencing a minor pullback … Read more
News Home Tuesday, October 10, 2023 09:49 AM | InvestorsObserver Analysts Mentioned in this article … Source link
VMware’s (VMW Quick QuoteVMW – Free Report) second-quarter fiscal 2024 non-GAAP earnings of $1.83 per share beat the Zacks Consensus Estimate of $1.66 and grew 11.6% year over year. Revenues of $3.41 billion surpassed the consensus mark by 0.58% and improved 2.2% on a year-over-year basis. Top-Line Details Region-wise, U.S. revenues (47.6% of revenues) decreased … Read more
VMware’s VMW second-quarter fiscal 2024 non-GAAP earnings of $1.83 per share beat the Zacks Consensus Estimate of $1.66 and grew 11.6% year over year. Revenues of $3.41 billion surpassed the consensus mark by 0.58% and improved 2.2% on a year-over-year basis. Top-Line Details