Hewlett Packard Enterprise upgraded to 'Overweight' by Barclays
) is likely to continue growing its artificial intelligence server revenues and see improvement in its storage business, according to analysts at Barclays.
In its most recent quarter, AI server orders had surged by 167% versus the prior three-month period, the analysts noted. "We estimate HPE is getting 15% on its AI server business, and this is with majority hyperscaler business." The comments come after HPE lifted its annual profit forecast earlier this month, thanks in part to businesses spending more on developing their AI infrastructure.), HPE said it now expects to post full-year adjusted earnings per share of $1.92 to $1.97, up from a prior outlook of $1.85 to $1.95. Dell also raised its annual profit and revenue guidance in August.
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