Jim Cramer Discusses These 10 Stocks, The Fed Chair & Lower AI Costs

7. Hewlett Packard Enterprise Company (NYSE:HPE)

Number of Hedge Fund Holders In Q3 2024: 64

Hewlett Packard Enterprise Company (NYSE:HPE) is a data center and IT products company that sells servers, routers, and other associated equipment. Its shares closed 2024 27% higher as the firm’s exposure to the broader non-AI data center industry meant that it experienced limited AI-related share price catalysts. Hewlett Packard Enterprise Company (NYSE:HPE)’s shares dropped by 4% after its third-quarter earnings in September as it failed to increase its full-year forecast in a signal of limited AI-related growth. The stock dropped by 11.94% on Monday and Tuesday. Here’s what Cramer said on Tuesday morning:

“By the way, HPE is front and center with this issue about data centers. And everybody thinks that they’re a big loser. I have to think they’re a big winner. I think that that [inaudible] is terrific.”