10 High Flying AI Stocks This Week

5. Hewlett Packard Enterprise Company (NYSE:HPE)

Number of Hedge Fund Holders: 66

Hewlett Packard Enterprise Company (NYSE:HPE), an American multinational technology company, provides high-performance computing (HPC) systems, AI software, and data storage solutions for running complex AI workloads. On March 7, Loop Capital lowered the firm’s price target on the stock to $16 from $24 and kept a “Hold” rating on the shares. The firm cites the price target downgrade to HPE’s Q1 earnings miss.

The analyst told investors in a research note how the gist of the earnings call and management outlook has been that there is margin pressure both in the form of selling price pressure with traditional servers, inventory, and tariffs. The analyst further contended that the Gen AI premium that HPE had enjoyed from the run up in the stock price from $15 to $25 has now “round-tripped.”