Hewlett Packard Enterprise Company provides solutions that allow customers to capture, analyze, and act upon data seamlessly. The company offers general purpose servers for multi-workload computing and workload-optimized servers; HPE ProLiant rack and tower servers; HPE BladeSystem, HPE Synergy, and HPE ProLiant; storage solutions; and solutions for secondary workloads and traditional tape, storage networking, and disk products, such as HPE Modular Storage Arrays and HPE XP. It also offers HPE Apollo and Cray products; and HPE Superdome Flex, HPE Nonstop, HPE Integrity, HPE Moonshot, and HPE Edgeline products. Additionally, the company provides mobility and Internet of Things solutions under the Aruba brand, which include Wi-Fi access points, switches, routers, and sensors; such as cloud-based management, network management, network access control, analytics and assurance, and location services; and professional and support services, as well as as-a-service and consumption models for the intelligent edge portfolio of products. In addition, it offers various leasing, financing, IT consumption, and utility programs and asset management services for customers to facilitate technology deployment models and the acquisition of complete IT solutions, including hardware, software, and services from Hewlett Packard Enterprise and others. Further, the company invests in communications and media solutions, Hewlett Packard labs, and various business incubation projects. It serves commercial and large enterprise groups, including business and public sector enterprises; and through various partners comprising resellers, distribution partners, original equipment manufacturers, independent software vendors, systems integrators, and advisory firms. The company has strategic alliances with The Swiss National Supercomputing Centre and NVIDIA; Citrix Systems, Inc.; and Wipro Limited. Hewlett Packard Enterprise Company was founded in 1939 and is headquartered in Houston, Texas.
IPO Year: 2015
Exchange: NYSE
Website: hpe.com
Date | Price Target | Rating | Analyst |
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11/18/2024 | $23.00 → $29.00 | Outperform → Strong Buy | Raymond James |
10/9/2024 | $22.00 | Hold | Deutsche Bank |
9/25/2024 | $20.00 → $24.00 | Equal Weight → Overweight | Barclays |
9/23/2024 | $20.00 | Neutral | Citigroup |
9/17/2024 | $21.00 → $24.00 | Neutral → Buy | BofA Securities |
6/7/2024 | Hold → Buy | Argus | |
3/1/2024 | $21.00 → $17.00 | Overweight → Equal Weight | Wells Fargo |
1/16/2024 | $20.00 → $17.00 | Outperform → Mkt Perform | Bernstein |
11/30/2023 | $16.00 | Underweight → Equal-Weight | Morgan Stanley |
6/30/2023 | $18.00 | Neutral | Citigroup |
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Leading company in renewables to leverage HPE's unique turnkey AI infrastructure solution to improve forecast accuracy and optimize energy resource management Hewlett Packard Enterprise (HPE) today announced that RWE, a leading company in the field of renewable energy, has selected HPE Private Cloud AI to unlock new intelligence from weather data. Researchers at RWE's Artificial Intelligence (AI) Research Laboratory will utilize the AI-optimized, turnkey private cloud to evaluate, fine tune and inference weather models, harnessing cutting-edge AI to enhance operational decision-making and their global renewable energy leadership. "As a leading provider of renewable energy, RWE is at the
Expanded collaboration brings together Deloitte industry experience with HPE Private Cloud and the NVIDIA AI platforms to enable on-premises and co-location AI deployments. NEW YORK, Nov. 20, 2024 /PRNewswire/ -- HPE Discover 2024 -- Deloitte today announced an expanded collaboration with Hewlett Packard Enterprise (HPE), that implements the newly launched HPE Private Cloud AI with NVIDIA to enhance Deloitte's existing AI capabilities and help organizations bring Generative AI (GenAI) solutions to market quickly. HPE Private Cloud AI is part of the co-developed NVIDIA AI Computing by HPE portfolio and is a first-of-its-kind solution that provides deep integration with NVIDIA AI computing, n
HPE GreenLake cloud reduces the complexity and costs of heterogenous IT environments with a hybrid by design cloud operating model HPE Discover Barcelona 2024 – Hewlett Packard Enterprise (NYSE:HPE) today announced key advancements on the HPE GreenLake cloud that simplify management across complex, heterogenous hybrid IT environments and enable customers to increase agility and innovation. HPE VM Essentials (VME) Software: HPE VM Essentials is a unified VM management experience that provides customers with choice and flexibility for managing their virtualized workloads across hybrid environments. The new solution simplifies management by integrating existing virtualized workloads with
World's largest building society embraces hybrid cloud strategy, selects HPE GreenLake to future-proof IT estate, strengthen operational resilience, ensure compliance, provide sustainable IT and deliver a best-in-class digital experience to customers Hewlett Packard Enterprise (NYSE:HPE) today announced that Nationwide Building Society, the world's largest building society, has selected HPE GreenLake cloud for its private cloud deployment, enabling it to accelerate its hybrid cloud journey. With the addition of HPE GreenLake Management Services as a strategic cloud services provider, Nationwide is realizing its vision to use the power of cloud technology to support the evolving needs of i
Hewlett Packard Enterprise (NYSE:HPE) will conduct a live audio webcast of its conference call to review its fourth quarter and full year financial results for fiscal 2024, which ended October 31, 2024. The call is scheduled for Thursday, December 5, at 4:00 p.m. CT (5:00 p.m. ET), and the webcast will be available at www.hpe.com/investor/2024Q4Webcast. A replay of the webcast will be available at the same website shortly after the call and will remain available for approximately one year. For additional information, see investors.hpe.com. About Hewlett Packard Enterprise Hewlett Packard Enterprise (NYSE:HPE) is the global edge-to-cloud company that helps organizations accelerate ou
New portfolio of compute, networking, storage and software advances leadership-class supercomputers and purpose-built AI training solutions New products offer choice of air cooling or HPE's industry-first 100% fanless direct liquid cooling system architecture Supercomputing and large-scale AI servers feature next-generation compute and accelerators from AMD, Intel and NVIDIA, which provide customers with options to best suit performance needs and cost requirements HPE expands portfolio of servers optimized for high-end AI training and tuning workloads Today, Hewlett Packard Enterprise (NYSE:HPE) announces its new high performance computing (HPC) and artificial intelligence (AI)
IT and engineering services company of Japan's leading power utility group, teams with HPE in driving transformation through data and AI Hewlett Packard Enterprise (NYSE:HPE) today announced that TEPCO SYSTEMS selected HPE GreenLake cloud to advance its data-driven approach to help advance decarbonization of the energy supply. The company of IT and engineering professionals for Japan's leading power utility group Tokyo Electric Power Company Holdings (TEPCO), is teaming with HPE to harness the power of data and AI to create continuous innovation and new business services that can help progression toward net-zero goals. Japan is the 5th largest energy consumer in the world and TEPCO provid
HPE hosts AI Day at state-of-the-art manufacturing facility, showcases decades of leadership in developing direct liquid cooled AI systems at scale Hewlett Packard Enterprise (NYSE:HPE) today announced the industry's first 100% fanless direct liquid cooling systems architecture to enhance the energy and cost efficiency of large-scale AI deployments. The company introduced the innovation at its AI Day, held at one of its state-of-the-art AI systems manufacturing facilities. During the event, the company showcased its expertise and leadership in AI across enterprises, sovereign governments, service providers and model builders. Industry's first 100% fanless direct liquid cooling system Whi
New HPE ProLiant Compute XD685 supports eight AMD Instinct™ MI325X accelerators and two AMD EPYC™ CPUs to deliver optimum performance and flexibility to efficiently build and train large language models Purpose-built solutions offer both air and direct liquid cooling options for energy efficiency and integrate HPE iLO for secure management HPE ProLiant Compute XD685 addresses the needs of AI service providers and an emerging class of large model builders including governments and large commercial customers Hewlett Packard Enterprise (NYSE:HPE) today announced the HPE ProLiant Compute XD685 for complex AI model training tasks, powered by 5th Gen AMD EPYC™ processors and AMD Instinct™
Hewlett Packard Enterprise (NYSE:HPE) today announced Gartner has recognized HPE as a Leader in the 2024 Gartner Magic Quadrant for SD-WAN. This is the seventh year in a row that HPE has been positioned in the Leaders Quadrant by Gartner. In addition, HPE has also been recognized as a Customers' Choice in the 2024 Gartner® Peer Insights™ Voice of the Customer for SD-WAN. In the Magic Quadrant for SD-WAN report, Gartner evaluated vendors based on two primary criteria: Completeness of Vision and Ability to Execute. The report includes a summary of each vendor, as well as an assessment of each vendor's strengths and cautions. A complimentary copy of the Gartner Magic Quadrant for SD-WAN repo
Raymond James upgraded Hewlett Packard Enterprise from Outperform to Strong Buy and set a new price target of $29.00 from $23.00 previously
Deutsche Bank initiated coverage of Hewlett Packard Enterprise with a rating of Hold and set a new price target of $22.00
Barclays upgraded Hewlett Packard Enterprise from Equal Weight to Overweight and set a new price target of $24.00 from $20.00 previously
Citigroup resumed coverage of Hewlett Packard Enterprise with a rating of Neutral and set a new price target of $20.00
BofA Securities upgraded Hewlett Packard Enterprise from Neutral to Buy and set a new price target of $24.00 from $21.00 previously
Argus upgraded Hewlett Packard Enterprise from Hold to Buy
Wells Fargo downgraded Hewlett Packard Enterprise from Overweight to Equal Weight and set a new price target of $17.00 from $21.00 previously
Bernstein downgraded Hewlett Packard Enterprise from Outperform to Mkt Perform and set a new price target of $17.00 from $20.00 previously
Morgan Stanley upgraded Hewlett Packard Enterprise from Underweight to Equal-Weight and set a new price target of $16.00
Citigroup initiated coverage of Hewlett Packard Enterprise with a rating of Neutral and set a new price target of $18.00
Hewlett Packard Enterprise (NYSE:HPE) will conduct a live audio webcast of its conference call to review its fourth quarter and full year financial results for fiscal 2024, which ended October 31, 2024. The call is scheduled for Thursday, December 5, at 4:00 p.m. CT (5:00 p.m. ET), and the webcast will be available at www.hpe.com/investor/2024Q4Webcast. A replay of the webcast will be available at the same website shortly after the call and will remain available for approximately one year. For additional information, see investors.hpe.com. About Hewlett Packard Enterprise Hewlett Packard Enterprise (NYSE:HPE) is the global edge-to-cloud company that helps organizations accelerate ou
Accelerating AI demand drives HPE revenue growth; profit increases Hewlett Packard Enterprise (NYSE:HPE) today announced financial results for the third quarter ended July 31, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240904070877/en/ "We delivered a strong third quarter, with impressive revenue growth, especially from our AI system conversion, and we improved profitability," said Antonio Neri, president and CEO of Hewlett Packard Enterprise. "These results reflect our momentum in delivering on our edge-to-cloud strategy across networking, hybrid cloud, and AI. We have driven meaningful innovation throughout our por
Hewlett Packard Enterprise (NYSE:HPE) will conduct a live audio webcast of its conference call to review its financial results for the third quarter of fiscal 2024, which ended July 31, 2024. The call is scheduled for Wednesday, September 4, at 4:00 p.m. CT (5:00 p.m. ET), and the webcast will be available at www.hpe.com/investor/2024Q3Webcast. A replay of the audio webcast will be available at the same website shortly after the call and will remain available for approximately one year. About Hewlett Packard Enterprise Hewlett Packard Enterprise (NYSE:HPE) is the global edge-to-cloud company that helps organizations accelerate outcomes by unlocking value from all of their data, ever
AI systems revenue doubled sequentially, beating Q2 revenue guidance Hewlett Packard Enterprise (NYSE:HPE) today announced financial results for the second quarter ended April 30, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240604126605/en/ "HPE delivered very solid results in Q2, exceeding revenue and non-GAAP EPS guidance. AI systems revenue more than doubled from the prior quarter, driven by our strong order book and better conversion from our supply chain," said Antonio Neri, president and CEO of Hewlett Packard Enterprise. "Our deep expertise in designing, manufacturing, and running AI systems at scale fueled gro
Hewlett Packard Enterprise (NYSE:HPE) will conduct a live audio webcast of its conference call to review its financial results for the second quarter of fiscal 2024, which ended April 30, 2024. The call is scheduled for Tuesday, June 4, at 4:00 p.m. CT (5:00 p.m. ET), and the webcast will be available at www.hpe.com/investor/2024Q2Webcast. A replay of the audio webcast will be available at the same website shortly after the call and will remain available for approximately one year. About Hewlett Packard Enterprise Hewlett Packard Enterprise (NYSE:HPE) is the global edge-to-cloud company that helps organizations accelerate outcomes by unlocking value from all of their data, everywher
Exceeds profitability expectations and continues to scale recurring revenue, advancing long-term strategy Hewlett Packard Enterprise (NYSE:HPE) today announced financial results for the first quarter ended January 31, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240229327637/en/ "HPE exceeded our profitability expectations and drove near-record year-over-year growth in our recurring revenue in the face of market headwinds, demonstrating the relevance of our strategy," said Antonio Neri, president and CEO of Hewlett Packard Enterprise. "Despite a mixed quarter, I remain very confident that our focus on customer-centric
Hewlett Packard Enterprise (NYSE:HPE) will conduct a live audio webcast of its conference call to review its financial results for the first quarter of fiscal 2024, which ended January 31, 2024. The call is scheduled for Thursday, February 29, at 4:30 p.m. CST (5:30 p.m. ET), and the webcast will be available at www.hpe.com/investor/2024Q1Webcast. A replay of the audio webcast will be available at the same website shortly after the call and will remain available for approximately one year. About Hewlett Packard Enterprise Hewlett Packard Enterprise (NYSE:HPE) is the global edge-to-cloud company that helps organizations accelerate outcomes by unlocking value from all of their data, e
Highly complementary combination enhances secure, unified, cloud and AI-native networking to drive innovation from edge to cloud to exascale Accelerates long-term revenue growth and expands gross and operating margin; Expected to be accretive to non-GAAP EPS and free cash flow in year 1, post close Advances HPE's portfolio mix shift toward higher-growth solutions and strengthens high-margin networking business Hewlett Packard Enterprise (NYSE:HPE) and Juniper Networks, Inc. (NYSE:JNPR), a leader in AI-native networks, today announced that the companies have entered a definitive agreement under which HPE will acquire Juniper in an all-cash transaction for $40.00 per share, representing
Driven by strong revenue performance due to momentum in addressing market trends in Edge, Hybrid Cloud, and AI Delivered strong full-year cash flow from operations, record-breaking gross margin and free cash flow Fiscal 2023 Full-Year Financial Results Revenue: $29.1 billion, up 2% and 5.5% in constant currency(1) from the prior-year period Gross margins: GAAP of 35.1%, up 170 basis points from the prior-year period Non-GAAP(1) of 35.3%, up 140 basis points from the prior-year period Diluted net earnings per share ("EPS"): GAAP of $1.54, up 133% from the prior-year period, which included a non-cash goodwill impairment charge of $905 million Non-GAAP(1) of $2.15,
Hewlett Packard Enterprise (NYSE:HPE) will conduct a live audio webcast of its conference call to review its fourth quarter and full year financial results for fiscal 2023, which ended October 31, 2023. The call is scheduled for Tuesday, November 28, at 3:30 p.m. CT (4:30 p.m. ET), and the webcast will be available at www.hpe.com/investor/2023Q4Webcast. A replay of the audio webcast will be available at the same website shortly after the call and will remain available for approximately one year. About Hewlett Packard Enterprise Hewlett Packard Enterprise (NYSE:HPE) is the global edge-to-cloud company that helps organizations accelerate outcomes by unlocking value from all of their d
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Hewlett Packard Enterprise (NYSE:HPE) today named Jennifer Temple as Executive Vice President and Chief Marketing & Communications Officer (CMCO), effective August 1, 2024. Temple joined HPE in 2018 as Chief Communications Officer and brings more than 30 years of reputation and brand-building expertise to this expanded role. A member of the company's executive committee, Temple will continue to report to HPE's President and Chief Executive Officer Antonio Neri. She will oversee all aspects of HPE's global brand, marketing, and communications strategy. The integrated marketing and communications team will be focused on ensuring that HPE's value propositions are clear and differentiated, th
New Lineup Features First-of-Its-Kind Turnkey, Private-Cloud AI Solution Including Sustainable Accelerated Computing with Full Lifecycle Services to Streamline Time to Value with AI HPE Discover 2024 – Hewlett Packard Enterprise (NYSE:HPE) and NVIDIA today announced NVIDIA AI Computing by HPE, a portfolio of co-developed AI solutions and joint go-to-market integrations that enable enterprises to accelerate adoption of generative AI. Among the portfolio's key offerings is HPE Private Cloud AI, a first-of-its-kind solution that provides the deepest integration to date of NVIDIA AI computing, networking and software with HPE's AI storage, compute and the HPE GreenLake cloud. The offering e
Global technology leader becomes Espai Barça's new Official Edge-to-Cloud Partner for the next four seasons, until 30 June 2028 FC Barcelona and Hewlett Packard Enterprise (HPE) have signed a partnership agreement for HPE to become the new Espai Barça Official Edge-to-Cloud Partner for the next four seasons, until 30 June 2028. In a strategic alliance aimed at revolutionizing the spectator experience in sport, Barça's new facilities will be equipped with a world-class technology environment featuring HPE Aruba Networking and HPE GreenLake cloud, enabling real-time data analytics and integrated security solutions. The partnership between the Club and HPE is based on a market-leading appr
Succeeds Alan May, HPE's first CPO who helped shape talent strategy and award-winning culture In this article: Major rose through HPE leadership ranks in employment law and HR to become member of executive team, reporting to CEO Antonio Neri May to remain with HPE to support the organizational integration of Juniper Networks, which HPE intends to acquire Hewlett Packard Enterprise (NYSE:HPE) today named Kristin Major as executive vice president and chief people officer (CPO), effective February 1, 2024, reporting to president and chief executive officer Antonio Neri. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20
Hewlett Packard Enterprise (NYSE:HPE) today announced that Marie Myers will join the company as executive vice president and chief financial officer on January 15, 2024, reporting to Antonio Neri, president and chief executive officer. Myers has served as CFO of HP Inc. (NYSE:HPQ) since 2021, having spent more than 20 years in numerous financial leadership positions at the company. She is based in Houston. Jeremy Cox, who has served as interim chief financial officer since August, will return full time to his position as senior vice president, corporate controller, and chief tax officer, reporting to Myers. This press release features multimedia. View the full release here: https://www.bus
Builder and operator of low-carbon computing infrastructure partners with HPE to offer powerful AI solutions for training and tuning in new cloud platform Hewlett Packard Enterprise (NYSE:HPE) today announced that its market-leading HPE Cray supercomputers were selected by Crusoe to power new cloud services, which are designed to drive sustainable computing for generative AI and other compute-intensive workloads. Crusoe builds and operates modular data centers to provide ultra-high performance, specialized compute capacity to meet growing AI needs in a climate-aligned way. Crusoe utilizes wasted, stranded or clean energy such as otherwise flared natural gas or stranded renewable energy,
IT veteran to lead the next phase of company's digital transformation Hewlett Packard Enterprise (NYSE:HPE) today announced that Rom Kosla has been appointed Chief Information Officer (CIO). "The performance and agility of our IT team is critical to ensuring our customers and partners have great experiences doing business with us, and that our team members are able to innovate at the speed of business," said Executive Vice President and Chief Operating and Legal Officer John Schultz. "Over the last several years, HPE has taken on massive transformations of its internal systems to position us for success. I am confident that the breadth of Rom's experience in the digital front-end and co
SUNNYVALE, Calif.--(BUSINESS WIRE)--Ondas Holdings Inc. (NASDAQ: ONDS), a developer of proprietary, software-based wireless broadband technology for large established and emerging industrial markets (“Ondas” or the “Company”), announced today the appointment of Jaspreet (Jas) Sood to its Board of Directors (the “Board”), effective January 19, 2021. Ms. Sood is a seasoned technology executive with proven expertise across many different corporate functions over her 25-year career in enterprise IT markets. Since 2007, Ms. Sood has held a variety of executive level positions within Hewlett Packard Enterprise (“HPE”) (NYSE: HPE), and its predecessor companies in the areas of sales, bu
SAN JOSE, Calif.--(BUSINESS WIRE)--Hewlett Packard Enterprise (NYSE: HPE) today announced financial results for the fourth quarter, ended October 31, 2020. “Hewlett Packard Enterprise finished the year with a very strong performance,” said Antonio Neri, president and CEO of Hewlett Packard Enterprise. “In Q4 we saw a notable rebound in our overall revenue, with particular acceleration in key growth areas of our business.” “The global pandemic has forced businesses to rethink everything from remote work and collaboration to business continuity and data insight,” he continued. “Over the last several months, customers have increasingly turned to HPE for our unique capabilities from
Intel Capital, the venture arm of Intel Corp (NASDAQ:INTC), is standing out as a notable foreign investor in Chinese AI and semiconductor startups. This comes as the $147 billion chipmaker is receiving major funding from Washington to compete technologically with Beijing. Intel's involvement in Chinese tech, particularly AI, has raised national security concerns in the U.S. Globally, the venture arm has deployed over $20 billion since the 1990s under the leadership of Anthony Lin in San Francisco. Intel Capital has stakes in 43 China-based tech startups. Since its formation, the venture fund has invested in over 120 Chinese companies, reported Financial Times. Earlier this yea
On Thursday, Hewlett Packard Enterprise Company (NYSE:HPE) announced that it will build a new supercomputer powered by NVIDIA Corporation (NASDAQ:NVDA) for one of Japan’s largest research institutions, AIST (National Institute of Advanced Industrial Science and Technology). AIST’s next-generation supercomputer, ABCI 3.0, will be built using HPE Cray XD systems featuring NVIDIA H200 Tensor Core GPUs, interconnected by NVIDIA Quantum-2 InfiniBand networking, to address growing AI workload demands for computational resources. ABCI 3.0, set to become Japan’s fastest AI supercomputer, aims to satisfy the increasing demand for computing power driven by the nation’s expanding array of AI task
Japan's major research institution, the National Institute of Advanced Science and Technology (AIST), offers powerful supercomputer for AI as a cloud service to enterprise, government, and academic clientsHewlett Packard Enterprise (NYSE:HPE) today announced it will build a new supercomputer powered by NVIDIA for one of Japan's largest research institutions, AIST (National Institute of Advanced Industrial Science and Technology). AIST's next-generation supercomputer, ABCI (AI Bridging Cloud Infrastructure) 3.0, will be offered as a cloud service to public and private organizations to support large foundational models for generative AI to accelerate the advancement of research, development, i
The European Commission regulators are reportedly set to decide by August 1 on whether to approve Hewlett Packard Enterprise Company’s (NYSE:HPE) $14 billion acquisition of Juniper Networks, Inc. (NYSE:JNPR). Announced in January, the deal aims to enhance Hewlett Packard Enterprise’s artificial intelligence offerings and expand its networking business, reflecting the strategic focus on AI as a key growth driver for many firms. Reuters reported the expected date, citing a filing on the Commission’s website on Friday. The European Commission, serving as the EU’s competition watchdog, may approve the deal with or without conditions following its initial assessment, or initiate a comprehen
U.S. stocks closed mixed on Friday, with the S&P 500 edging lower during the session. The S&P 500 hit an intraday record level of 5,505.53 earlier last week, and recorded a weekly gain of 0.6%. The Dow Jones index, meanwhile, gained 1.45% to record its strongest weekly performance since May. Wall Street analysts make new stock picks on a daily basis. Unfortunately for investors, not all analysts have particularly impressive track records at predicting market movements. Even when it comes to one single stock, analyst ratings and price targets can vary widely, leaving investors confused about which analyst’s opinion to trust. Benzinga’s Analyst Ratings API is a collection of the highest-
Growth stocks are experiencing a remarkable resurgence, posting their best month in over a year when compared to value stocks, as the rally in tech and mega caps continues to dominate market dynamics. The iShares Russell 1000 Growth ETF (NYSE:IWF) has surged by 6.5% so far in June 2024. This gain puts it on track for its seventh month of increases in the last eight. Investors have shown elevated confidence in growth-oriented sectors, particularly technology, which continues to benefit from strong earnings reports, heightened expectations for future cash flows and positive market sentiment, especially towards AI-related industries. In stark contrast, the iShares Russell 1000 Value E
B of A Securities analyst Wamsi Mohan maintains Hewlett Packard (NYSE:HPE) with a Neutral and raises the price target from $22 to $24.
Nvidia Corp (NASDAQ:NVDA) CEO Jensen Huang has long claimed that the world’s data centers will need a complete overhaul to handle the demands of generative artificial intelligence (AI). He estimates it will take $1 trillion over the next four to five years, essentially doubling the existing investment in digital infrastructure, to train and run new AI models, the Financial Times reports. Key contract chipmaker Taiwan Semiconductor Manufacturing Co (NYSE:TSM) is weighing rectangular substrates for AI chip packaging to better cater to the AI frenzy. Broadcom Inc (NASDAQ:AVGO) shares have jumped more than 20% since it reported an AI-driven sales increase, highlighting the increasing impor
Morgan Stanley analyst Meta Marshall maintains Hewlett Packard (NYSE:HPE) with a Equal-Weight and maintains $21 price target.