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Joey Solitro

FORGOTTEN HISTORY: Hewlett packard enterprise stock soars on strong ai demand - The Untold Story

Hewlett Packard Hewlett Packard Enterprise HPE Antonio Neri Mehdi Hosseini Artificial Intelligence

Hewlett Packard Enterprise logo on PC screen with blue background.

Hewlett Packard Enterprise (HPE) stock jumped nearly 15% out of the gate Wednesday after the technology company beat top- and bottom-line expectations for its fiscal second quarter and issued a strong outlook thanks to solid demand for its artificial intelligence (AI) servers.

In the three months ended April 30, HPE's revenue increased 3% year-over-year to $7.2 billion, driven by an an 18% jump in its server segment to $3.9 billion. The company said earnings per share (EPS) declined 19% from the year-ago period to 42 cents.

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