HPE Shares Rise Nearly 30% as AI Infrastructure Demand Drives Strong Performance
Hewlett Packard Enterprise (HPE) shares surged nearly 29% in premarket trade after the company announced it is accelerating its long-term financial targets due to strong demand for AI infrastructure. The move comes amid rising server and networking product orders, driven by hyperscalers like Alphabet and Amazon planning over $700 billion in AI-related spending this year.
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Topics: AI infrastructure HPE earnings guidance market reaction server demand