We recently published a list of 15 AI News and Ratings You Should Not Miss. In this article, we are going to take a look at where Hewlett Packard Enterprise Company (NYSE:HPE) stands against other AI news and ratings you should not miss.
AI technology has forced businesses worldwide to reconsider their money making models. This revolutionary change is now making its way into the government sector as well. According to a report from news agency Reuters, Mothibi Ramusi, the chief of the communications regulator in South Africa, recently said that the information and communications technology sector needs policy and regulatory changes to keep up with emerging technologies. The country is also debating new regulations for mobile virtual networks and spectrum sharing. The regulator has initiated an inquiry into the licensing framework for satellite-internet providers to provide clear rules for potential operators in the country.
Read more about these developments by accessing 10 Best AI Data Center Stocks and 10 Buzzing AI Stocks According to Goldman Sachs.
In Japan, multinational conglomerate Softbank has partnered with chipmaker NVIDIA in a partnership that aims to turn communication base stations from cost centers into AI revenue-producing assets. The latter claims that traditional telco networks are built to handle peak loads and usually use only about one-third of their capacity. With AI-RAN, a new communications tech, they can expect to monetize the remaining two-thirds of the capacity for AI inference services. Softbank estimates a return of up to 219% for every AI-RAN server it adds to its infrastructure.
READ ALSO: 30 Most Important AI Stocks According to BlackRock and Beyond the Tech Giants: 35 Non-Tech AI Opportunities.
For this article, we selected AI stocks by combing through news articles, stock analysis, and press releases. These stocks are also popular among hedge funds.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).
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Hewlett Packard Enterprise Company (NYSE:HPE)
Market Capitalization: $27 Billion
Hewlett Packard Enterprise Company (NYSE:HPE) is a Texas-based multinational technology company founded in 1939. The company offers high-performance computing (HPC) systems, AI software, and data storage solutions that help run complex AI workloads. Latest reports suggest that the authorities in the US are reviewing the $14 billion takeover of networking products firm Juniper Networks by HPE. Per a report by Capitol Forum, the DOJ is said to be deciding on whether to clear the deal or block it as soon as next week.
Overall, HPE ranks 12th on our list of AI news and ratings you should not miss. While we acknowledge the potential of HPE as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than HPE but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
