10 Trending AI Stocks on Wall Street’s Radar

5. Hewlett Packard Enterprise Company (NYSE:HPE)

Number of Hedge Fund Holders: 64

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 January 30, Hewlett Packard Enterprise and Juniper Networks, Inc. responded to the filing of a complaint by the U.S. Department of Justice regarding the closing of HPE’s proposed acquisition of Juniper. The DOJ has sued to block the $14 billion deal, stating that it would stifle competition and lead to only two companies — Cisco Systems and HPE, who would end up controlling more than 70% of the U.S. market for networking equipment.

“We believe the Department of Justice’s analysis of this acquisition is fundamentally flawed and we are disappointed in its decision to file a suit attempting to prohibit the closing of the transaction. We will vigorously defend against the Department of Justice’s overreaching interpretation of antitrust laws and will demonstrate how this transaction will provide customers with greater innovation and choice, positively change the dynamics in the networking market by enhancing competition, and strengthen the backbone of U.S. networking infrastructure. Consistent with the conclusions reached by all other major antitrust regulators who have reviewed the deal, this transaction brings together two complementary networking offerings and will create a networking player with the scope and scale to more effectively compete with global incumbents. This proposed acquisition will provide customers of all sizes with a modern, secure network built with AI and for AI to ensure a better user and operator experience, and will create more competition, not less”.