10 Best Stocks Under $50 to Buy Right Now

6. Hewlett Packard Enterprise Co. (NYSE:HPE)

Share Price as of February 20: $21.85

Number of Hedge Fund Holders: 66

Hewlett Packard Enterprise Company (NYSE:HPE) offers data services worldwide through its diverse segments, which include Compute, HPC & AI, Storage, Intelligent Edge, Financial Services, and Corporate Investments. The company also provides software-defined infrastructure (SDI) solutions to assist enterprises with network management, storage, automation, and software development and deployment.

On February 13, HPE announced the shipment of its first NVIDIA Blackwell family-based solution, the NVIDIA GB200 NVL72. HPE’s rack-scale system is intended to assist service providers and major companies in rapidly deploying very large, sophisticated AI clusters with innovative, direct liquid cooling technologies to maximize efficiency and performance. Moreover, the company is known as a pioneer in direct liquid cooling technology, having developed seven of the world’s top ten fastest supercomputers.

Hewlett Packard Enterprise Company’s (NYSE:HPE) Q4 revenue climbed 15.1% year-over-year to $8.46 billion, led by greater sales in artificial intelligence and GreenLake. HPE’s server segment sales increased 32% year-over-year and 10% sequentially to $4.7 billion, owing to strong demand for its AI servers as well as growth in server systems. The division’s operating profit margin was 11.6%, up 150 bps from the year-ago quarter and 80 bps from the preceding quarter. Estimates for the company’s first-quarter fiscal 2025 sales and non-GAAP earnings are $7.67 billion and $0.48 per share, respectively.