US Stock Market Move | Hewlett Packard Enterprise Co. (HPE.US) rises 8% on securing a $1.2 billion AI rack order from Vultr and raising its fiscal 2027 guidance.
On Wednesday, Hewlett Packard Enterprise Co. (HPE.US) rose 8% to $66.42.
On Wednesday, Hewlett Packard Enterprise Co. (HPE.US) rose 8% to $66.42. On the news front, Hewlett Packard Enterprise Co. announced that it has won a $1.2 billion order from cloud infrastructure company Vultr to supply Helios AI racks powered by AMD chips. Hewlett Packard Enterprise Co. also adjusted its outlook for fiscal 2027 and beyond. The company now expects that, as its data center networking market share continues to expand, the growth rate of its networking business in fiscal 2027 will reach about 20%. It is expected that by fiscal 2029, data center networking business revenue will grow at a compound annual growth rate of more than 50%.
Related Articles
Synopsys, Inc. (SNPS.US) expands chip IP business; Amazon.com, Inc. (AMZN.US) becomes first major customer for application-optimized design.
JIANGSU EXPRESS (00177) will distribute an interim dividend of RMB0.25 per share on December 31.
Control of KFM KINGDOM (03816) changes hands as Luxshare Precision Industry (02475) acquires 57.0% stake and makes cash offer; trading resumes on October 2
Synopsys, Inc. (SNPS.US) expands chip IP business; Amazon.com, Inc. (AMZN.US) becomes first major customer for application-optimized design.
JIANGSU EXPRESS (00177) will distribute an interim dividend of RMB0.25 per share on December 31.
Control of KFM KINGDOM (03816) changes hands as Luxshare Precision Industry (02475) acquires 57.0% stake and makes cash offer; trading resumes on October 2
