Reported 4 months ago
Hewlett Packard Enterprise forecasts third-quarter revenue higher than expectations with AI servers seeing a surge in demand, leading to an 11% rise in shares. The company notes a more than doubled revenue from AI systems, driven by robust order volumes and improved supply chain conversion rates. Additionally, increased demand in hybrid cloud and data storage segments, along with optimistic outlooks for networking, are positioning the company favorably for the future.
Source: YAHOO