HPE Stock Rises After AI Surge Fuels Sales of Servers
Hewlett Packard Enterprise Co. reported revenue that beat analysts’ estimates on a big jump in sales of servers built to handle artificial intelligence work. The shares rose in extended trading.Fiscal second-quarter revenue increased 3.3% to $7.2 billion, the company said Tuesday in a statementBloomberg Terminal. Wall Street projected a 2% decline year over year to $6.82 billion, according to data compiled by Bloomberg. Profit, excluding some items, was 42 cents per share in the period ended Apr...
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