Top 10 AI News Stories For The Weekend

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 December 6, Citi upgraded HPE to “Buy” from Neutral with a price target of $26, up from $23. The company is expected to benefit from growing demand in servers and enterprise networking, along with expanding opportunities in AI.

Its fiscal Q4 results beat estimates. Moreover, even though AI orders “can be lumpy”, stronger contributions from enterprise AI and government contracts “bodes positively for revenue momentum and margins ahead”, the analyst told investors in a research note. The firm also noted an improving demand outlook in enterprise infrastructure spending and potential benefits from acquiring Juniper (JNPR).