Hewlett Packard Enterprise Co. saw a major surge in its stock price after reporting better-than-expected earnings and revenue, driven by increased demand for servers supporting AI workloads. Sales of AI servers were boosted by the availability of NVIDIA H100 GPUs. The company posted earnings of 42 cents per share, surpassing Wall Street estimates, with revenue … Read more
Hewlett Packard Enterprise’s stock surged over 15% in early U.S. trading after announcing stronger-than-expected quarterly results. The company reported earnings per share of $0.42 for the second quarter, surpassing projections of $0.39, with revenue hitting $7.2 billion, beating estimates of $6.83 billion. AI server sales for HPE more than doubled from the previous quarter, exceeding … Read more
Broadcom, a renowned technology company based in Silicon Valley, is expected to see a surge in chip demand due to the growing field of generative AI. The recent acquisition of VMware has further strengthened Broadcom’s product offerings, especially in custom and networking chips, which are well-positioned for growth in the AI sector. Analysts at Melius … Read more
Hewlett Packard Enterprise (HPE) shares surged 15.3% in extended trading after reporting strong second-quarter results for fiscal 2024. The company exceeded earnings expectations, driven by sales growth in AI servers. Optimistic guidance for the third quarter and full fiscal year further boosted investor confidence. Despite a 19% decline in non-GAAP earnings year-over-year, HPE’s stock has … Read more
Amazon’s shares have seen a 16.1% increase this year, outperforming the Internet Commerce industry. AWS is driving this success through its generative AI capabilities, demonstrated by its partnership with SAP to accelerate the implementation of generative AI for companies. This collaboration allows SAP to integrate Amazon Bedrock generative AI models into its ERP applications, showcasing … Read more
HPE Stock is experiencing its largest gain since 2016 due to the increase in sales of AI servers. This growth in sales is significant for the company and has positively impacted its stock performance. The boost in demand for AI servers has played a crucial role in driving HPE’s stock value up, resulting in a … Read more
is abuzz with excitement as analysts scramble to adjust their price targets for HPE stock following the company’s strong performance driven by AI technology. Hewlett Packard Enterprise (HPE) has seen a surge in profits thanks to its innovative use of artificial intelligence, prompting analysts to reevaluate the stock’s potential. HPE’s utilization of AI in its … Read more
Broadcom’s latest quarterly results and future outlook are predicted to align with market expectations, according to analysts at Oppenheimer. The company’s strong performance is attributed to its rapidly growing artificial intelligence (AI) business. They forecast that Broadcom’s upcoming earnings report will likely meet or exceed investor sentiment. The company’s success is driven by its expanding … Read more
Nutanix reported strong financial results for the third quarter of fiscal 2024, with revenue reaching $524.6 million, a 17 percent increase year-on-year. The company also saw growth in customer count, with 490 new customers added in the quarter, bringing the total to 25,860. Average Contract Value (ACV) billings were up 20 percent to $288.9 million, … Read more
NVIDIA Corp. exceeded expectations in their first quarter fiscal 2025 results, with revenue of $26.04 billion marking a 262% increase year over year. This growth trend continued for the third consecutive quarter with over 200% growth. Adjusted earnings per share were also impressive at $6.12 compared to $1.09 per share a year ago. The significant … Read more