Hewlett Packard Enterprise (HPE.US) Surges 8% on $1.2 Billion Vultr AI Rack Order and Raised Fiscal 2027 Guidance
Stock News
Sep 30
On Wednesday, Hewlett Packard Enterprise (HPE.US) shares climbed 8% to $66.42.
On the news front, Hewlett Packard Enterprise announced it has secured a $1.2 billion order from cloud infrastructure company Vultr to supply Helios AI racks equipped with AMD chips.
Hewlett Packard Enterprise also revised its outlook for fiscal 2027 and beyond. The company now expects its networking business to grow at around 20% in fiscal 2027, as its data center networking market share continues to expand.
It anticipates that data center networking revenue will grow at a compound annual growth rate of more than 50% through fiscal 2029.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.