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business11h ago
HPE stock soars on record backlog, booming AI server business
- HPE stock jumped nearly 25% in two sessions after reporting record backlog tied to AI server demand.
- Revenue for the quarter rose 40% to $10.7 billion, supported by AI infrastructure spending.
- HPE raised its full-year outlook and accelerated long-term goals by two years.
- Executives said AI inferencing can be run on standard CPU-based servers, aiding on-premises deployments.
- CEO Antonio Neri said orders more than doubled, contributing to the record backlog.
- Management noted traditional servers saw triple-digit growth amid AI infrastructure modernization.
- HPE’s year-to-date stock performance surpassed 90% gains.
- Yahoo Finance cited Ines Ferre as a senior business reporter for coverage.
- Analysts noted HPE benefited from broad AI demand across enterprise buyers.
- The article highlights AI inference on CPUs and on-premise deployment as a key trend.
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