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HPE Aug 2024 13.000 call
| Previous close | 6.90 |
| Open | 3.80 |
| Bid | 6.40 |
| Ask | 6.60 |
| Strike | 13.00 |
| Expiry date | 2024-08-16 |
| Day's range | 3.80 - 3.80 |
| Contract range | N/A |
| Volume | |
| Open interest | 23 |
- Yahoo Finance Video
Nvidia is 'changing the world,' HPE CEO says
Hewlett Packard Enterprise (HPE) is benefiting from AI in a big way. The tech company saw its stock soar after reporting better-than-expected second quarter results and issuing upbeat third quarter and full-year guidance. The company's CEO, Antonio Neri, tells Yahoo Finance's Brian Sozzi, "the market is finally waking up to the idea that HPE has a big role to play in AI." However, the company that has seen the biggest boom from generative AI is Nvidia (NVDA). The tech giant saw its market cap surpass $3 trillion for the first time. It comes after CEO Jensen Huang told Yahoo Finance that customers aren't waiting for the next-generation AI platforms; they are still snapping up what they can from the company. Neri says that Nvidia is "changing the world with an amazing innovation, obviously, that the company and Jensen himself have been driving for more than two decades." Neri adds, "I think we're all a little bit surprised about the advancement of generative AI from the algorithm perspective, but from the silicon perspective, I'm not surprised at all." Be sure to watch the full interview with HPE CEO Antonio Neri. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Stephanie Mikulich.
- Yahoo Finance Video
HPE CEO: Market is realizing we 'have a big role to play in AI'
Shares of Hewlett Packard Enterprise (HPE) are soaring after reporting second quarter results that topped Street estimates and issuing better-than-expected Q3 and full-year guidance. CEO Antonio Neri is not surprised by the reaction to the earnings, saying "the market is finally waking up to the idea that HPE has a big role to play in AI." Neri argues that "HPE is uniquely positioned to capture the AI inflection point that we see continue to drive the momentum in hybrid cloud." Neri says HPE has an AI order book of $4.6 billion, adding that "in that number, we converted more than $900 million in revenues. But what is important to realize is that that revenue had solid gross margins, operating margins." AI systems use a lot of energy. On that front, Neri says energy supply is still "constrained." That's why he says HPE is "unique" because it offers "100% direct liquid cooling," which is more energy efficient. Watch the video above to hear why Neri says Nvidia (NVDA) and its CEO, Jensen Huang, are "changing the world." For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Stephanie Mikulich.
Zacks5 Stocks Propelling S&P 500 to 25th Record High
The S&P 500 touches a record high for the 25th time this year, powered by technology stocks. We have highlighted five technology stocks, HPE, MRNA, AVGO, MU and LRCX, leading the way higher in the latest trading session.
