From Nasdaq: 2024-11-14 10:56:00

Hewlett Packard Enterprise (HPE) shares have gained 21.6% in the past six months, outperforming the Computer and Technology Sector and the S&P 500 index. HPE’s innovative portfolio is driving growth in the high-performance computing (HPC) and artificial intelligence (AI) space.

HPE introduced new products in the HPC and AI space, including cooling systems, networking components, AI-optimized servers, and user service software. The company’s new compute systems leverage accelerators from AMD, Intel, and NVIDIA for tailored performance.

HPE launched the Cray Supercomputing EX4252 Gen 2 Compute Blade with 98,304 cores and the EX154n with up to 224 NVIDIA GPUs. The company also introduced the Slingshot interconnect 400 for high-speed data transfer and the Cray Supercomputing Storage Systems E2000 for optimized CPU and GPU operations.

HPE expanded its portfolio with the ProLiant Compute XD680 server, XD685 server, and 100% fanless direct liquid cooling systems. The company views AI, Industrial IoT, and distributed computing as key markets, investing billions to enhance capabilities.

HPE faces near-term headwinds from softening IT spending, global economic weakness, and trade tensions. The company expects modest revenue growth of 2-3% in fiscal 2024 and a decline in non-GAAP EPS. Investors are advised to hold the stock due to macroeconomic challenges.

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Read more at Nasdaq: HPE Expands AI and HPC Portfolio: How Should You Play the Stock?