HPE Boosts Networking Growth Outlook, Gets $1.2 Billion AI Order From Cloud Firm Vultr
The company now expects networking revenue to grow in the high teens through fiscal 2029 and raised its fiscal 2027 outlook after the Vultr deal.
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Hewlett Packard Enterprise Jumps 5% on AMD Order; Dell and Super Micro Barely Move
Hewlett Packard Enterprise (NYSE:HPE) stock jumped 5% to $64.55 on Wednesday after the company secured its first order for Advanced Micro Devices (NASDAQ:AMD) Helios AI Rack systems. The $1.2 billion deal with cloud provider Vultr covers deployments across Vultr’s U.S. data centers and includes HPE networking, liquid cooling, and services. Dell Technologies (NYSE:DELL) shares rose […]
HPE boosts networking growth outlook, gets $1.2 billion AI order from cloud firm Vultr
Sept 30 : Hewlett Packard Enterprise on Wednesday raised its long-term revenue growth forecast for its networking business, driven by the AI boom and announced a $1.2 billion order to provide AMD server racks to cloud firm Vultr.Shares of HPE rose nearly 6 per cent in premarket trading, as the company hosted
Hewlett Packard Enterprise obtained a US$1.2 billion order from Vultr to install AMD-based artificial intelligence racks in U.S. data centers. The agreement also integrates HPE networks and software, and represents the company’s first order for its Helios systems.
Hewlett Packard Enterprise secures $1.2B Vultr order for AMD Helios AI racks
HPE's $1.2B Vultr order highlights the escalating investment in AI infrastructure, potentially boosting HPE's financial growth and market position.
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