Reported 4 months ago
Hewlett Packard Enterprise (HPE) shares reached a record high as analysts adjusted ratings and price targets post impressive quarterly earnings. HPE's focus on AI under CEO Antonio Neri led to AI system orders of $4.6 billion, driving growth in traditional infrastructure markets such as servers, storage, and networking. A partnership with Nvidia was highlighted, boosting AI revenue. Analysts raised HPE price targets, with shares surging 13% to $19.90 in late trading.
Source: YAHOO