Hewlett Packard Enterprise (HPE) saw its shares rise by more than 6% after Barclays upgraded the stock from \u201cEqual-weight\u201d to \u201cOverweight.\u201d Barclays highlighted HPE as a top investment choice amid a rebound in enterprise hardware demand.<\/p>\n
Analysts at Barclays noted strong growth in HPE\u2019s artificial intelligence server revenues, which surged by 167% in the most recent quarter. They also expect AI server revenue to continue growing by more than 30% in the next quarter. HPE\u2019s storage business is also improving, with updates to its portfolio expected to boost future recurring revenue.<\/p>\n
As of 10:25 a.m., HPE shares were trading 5.51% higher at $19.92, reflecting growing investor confidence in the company\u2019s outlook.<\/p>\n
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.<\/p>\n","protected":false},"excerpt":{"rendered":"
Hewlett Packard Enterprise (HPE) saw its shares rise by more than 6% after Barclays upgraded the stock from \u201cEqual-weight\u201d to\u2026<\/p>\n","protected":false},"author":432,"featured_media":53714,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[73],"tags":[18564,9212],"class_list":["post-53707","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-us-markets","tag-hewlett-packard-enterprise","tag-hpe"],"reading_time":"1 min read","_links":{"self":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts\/53707","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/users\/432"}],"replies":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/comments?post=53707"}],"version-history":[{"count":0,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts\/53707\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/media\/53714"}],"wp:attachment":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/media?parent=53707"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/categories?post=53707"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/tags?post=53707"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}