10 AI News Investors Can’t Afford to Miss

4. Hewlett Packard Enterprise Company (NYSE:HPE)

Market Capitalization: $36.07 billion

Hewlett Packard Enterprise Company (NYSE:HPE) is an American multinational technology company offering high-performance computing (HPC) systems, AI software, and data storage solutions that help run complex AI workloads.

On Monday, November 18, Citi analyst Asiya Merchant raised the firm’s price target on Hewlett Packard Enterprise Company (NYSE:HPE) to $23 from $20 and kept a “Neutral” rating on the shares. The rating comes as part of an earnings preview for the hardware sector. According to the analyst, infrastructure demand indicators remain mixed, excluding artificial intelligence. Updates in the supply chain suggest that recovery in the general-purpose server market will continue until 2025. However, the demand increase hasn’t led to significant growth in external spending storage, as supply chain insights reveal slower decision-making.