HPE Hits New 52-Week High After $1.2 Billion Vultr AI Order

Seeking Alpha··US·Read original
3▲2 ▼0Impact / 5
Summary · why it matters

Hewlett Packard Enterprise shares climbed just over 7% on Friday to close at $69.33, up $4.75 from the prior session's close, setting a new 52-week high. The advance followed a networking investor event at which the company unveiled a $1.2 billion AMD Helios AI rack order from Vultr. HPE also raised its longer-term networking outlook and increased its expected annual Juniper-related synergies at the event. The stock traded in a range of $66.00 to $70.29 on volume of approximately 28.97 million shares.

Impact on assets 2

Artificial Intelligence▲ · 2 stocks
Hewlett Packard Enterprise Co
HPE
▲ PositiveDemandrelevance

HPE landed a $1.2 billion AMD Helios AI rack order from Vultr and raised its networking outlook and Juniper synergies.

Advanced Micro Devices Inc
AMD
▲ PositiveDemandrelevance

HPE unveiled a $1.2 billion AMD Helios AI rack order from Vultr, a concrete product order for AMD's AI hardware.

Off-coverage companies 1

Vultr Holdings, LLCPrivate± Mixed
Demandrelevance

Vultr is the customer placing the $1.2 billion AI rack order, but as a private company no stock impact is judged.

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