Top 10 Undervalued Tech Stocks to Buy According to Hedge Funds

5. Hewlett Packard Enterprise Company (NYSE:HPE)

Number of Hedge Fund Investors: 64

Forward P/E Ratio as of January 13: 10.49

Hewlett Packard Enterprise Company (NYSE:HPE) specializes in enterprise-grade IT solutions, including servers, storage, and networking products. The company generates revenue from product sales and recurring services, such as cloud and IT management. Hewlett Packard Enterprise Company (NYSE:HPE) is transitioning to an as-a-service model, investing in edge-to-cloud platforms, and forming strategic alliances to accelerate digital transformation for its customers.

Hewlett Packard Enterprise Company (NYSE:HPE) is at the forefront of the AI revolution, with a strong focus on developing and delivering AI systems that meet the diverse needs of its customers. The company recently introduced industry-first technologies, such as the 100% fanless direct liquid cooling architecture and the 400 gigabits HPE Slingshot Direct Liquid Cool networking fabric. These advancements aim to enhance the performance of AI systems and supercomputing product lines.

Hewlett Packard Enterprise Company (NYSE:HPE) has launched the Unleash AI Partner Program, a program designed to connect businesses with software providers, system integrators, and service providers to accelerate the adoption of AI solutions by providing access to the company’s Private Cloud AI platform. The platform also allows customers to easily implement and manage full-stack AI solutions through a curated network of validated partners for companies to leverage pre-vetted partners to quickly deploy AI applications.