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$NVIDIA (NVDA.US)$
The latest quarterly earnings and guidance from HP Enterprise (nyse:HPE) indicate that the company led by Antonio Neri continues to see the momentum of artificial intelligence, according to Wall Street firms.
Stock prices rose 2.5% in pre-market trading, with competitors Dell (DELL) and Super Micro Computer (SMCI) also performing well.
Citi upgraded HP Enterprise from Neutral to Buy, raising the target stock price from $23 to $26 based on the belief of improving demand for servers and enterprise networking, expanding opportunities in AI, and gaining profits.
Citi's analyst, Asha Merchant, wrote in a note to clients, 'There may be lumpy orders/revenues from AI, but we see the potential for stronger contributions from corporate AI and Sovereign. This is a positive sign for earnings momentum and future margins.'
The latest quarterly earnings and guidance from HP Enterprise (nyse:HPE) indicate that the company led by Antonio Neri continues to see the momentum of artificial intelligence, according to Wall Street firms.
Stock prices rose 2.5% in pre-market trading, with competitors Dell (DELL) and Super Micro Computer (SMCI) also performing well.
Citi upgraded HP Enterprise from Neutral to Buy, raising the target stock price from $23 to $26 based on the belief of improving demand for servers and enterprise networking, expanding opportunities in AI, and gaining profits.
Citi's analyst, Asha Merchant, wrote in a note to clients, 'There may be lumpy orders/revenues from AI, but we see the potential for stronger contributions from corporate AI and Sovereign. This is a positive sign for earnings momentum and future margins.'
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Will inflation no longer decline?
Jan 15 21:00
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Will the US employment statistics live result in supporting the interest rate staying put in January?
Jan 10 21:00
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