Close Menu
  • Crypto News
  • Markets
  • Bitcoin
  • Ethereum
  • XRP
  • Altcoins
  • Technology
  • More
    • Crypto Prices – Latest from BTC, ETH & XRP
    • NFT
    • DeFi

Subscribe to Updates

Get the latest crypto news and updates directly to your inbox.

Trending

Russia’s biggest state-backed bank sees no use for CBDC, so why push ahead anyway?

July 8, 2025

Rango Exchange Joins zkSync Partner Hub to Advance Cross-Chain DeFi Access

July 8, 2025

Meta reportedly recruits Apple’s head of AI models

July 8, 2025

Trader Says Matter of Time Before Crypto Breaks to New All-Time Highs, Updates Outlook on Bitcoin, Ethereum and One Other Altcoin

July 8, 2025

Bitcoin Heating Up? NVT Golden Cross Hints At Potential Local Top

July 8, 2025
Facebook X (Twitter) Instagram
  • Advertise
en English
nl Nederlandsen Englishfr Françaisde Deutschit Italianoru Русскийes Españolzh-CN 简体中文hi हिन्दीja 日本語
Crypto Observer
  • Crypto News

    Bitcoin Heating Up? NVT Golden Cross Hints At Potential Local Top

    July 8, 2025

    Shiba Inu Price Could See 180% Explosion As This Indicator Flashes Bullish Divergence

    July 7, 2025

    Russia Wants to Eliminate Tax Dodgers in Bitcoin Mining: Report

    July 7, 2025

    Bitcoin’s Liquidity Lifeline Just Got Cut—What You Need To Know

    July 7, 2025

    Chinese Regulators Raise Alarm on Illicit Stablecoin Activity

    July 7, 2025
  • Markets
  • Bitcoin
  • Ethereum
  • XRP
  • Altcoins
  • Technology
  • More
    • Crypto Prices – Latest from BTC, ETH & XRP
    • NFT
    • DeFi
Facebook X (Twitter) Instagram
Crypto Observer
Home » Markets » HP Enterprise Stock Rises. It’s Getting Some of Nvidia’s AI Stardust.
Markets

HP Enterprise Stock Rises. It’s Getting Some of Nvidia’s AI Stardust.

Crypto Observer StaffBy Crypto Observer StaffNovember 30, 2023No Comments2 Mins Read
Facebook Twitter Pinterest Reddit Telegram Email LinkedIn Tumblr
Share
Facebook Twitter LinkedIn Pinterest Email

Hewlett Packard Enterprise
stock was rising Thursday following the announcement of an expanded partnership with
Nvidia.
It’s the latest sign that close links with Nvidia are seen as key to benefiting from spending on artificial-intelligence hardware.  

The combined HP Enterprise-Nvidia technology will allow businesses to quickly customize AI models using private data and deploy applications such as chatbots, the companies said in a joint statement on Thursday. The generative AI offering will be available beginning in the first quarter of 2024.

HP Enterprise shares were up 1.9% at $16.84 in trading Thursday following its joint announcement with Nvidia. It was adding to a 6.4% rise on Wednesday following its October-quarter earnings result.

“Our expanded collaboration with HPE will help enterprises drive unprecedented productivity through AI applications that connect with business data to power accurate assistants, informed chatbots and semantic search,” said Nvidia CEO Jensen Huang, in a statement.

HP Enterprise has already seen some gains from AI in its high-performance-computing business, and it has an existing partnership with Nvidia. However, the stock has lagged the technology sector as a whole against a weak backdrop of business spending on IT, having only risen 3.5% this year through Wednesday’s close.

“HPE has a seat at the AI table with its Nvidia partnership, and also with its Slingshot RoCE networking platform, which provides an alternative to the ubiquitous Infiniband protocol currently used for AI workloads,” wrote Raymond James analyst Simon Leopold in a research note following the company’s earnings report late Tuesday.

Leopold has a $20 target price and an Outperform rating on HP Enterprise stock.

HP Enterprise also announced a series of other AI-related products on Thursday, including cloud offerings for machine-learning development, data analytics and AI-optimized file storage.  

Write to Adam Clark at adam.clark@barrons.com

Read the full article here

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Russia’s biggest state-backed bank sees no use for CBDC, so why push ahead anyway?

July 8, 2025

Rango Exchange Joins zkSync Partner Hub to Advance Cross-Chain DeFi Access

July 8, 2025

Investor claims 7-minute MicroStrategy STRF delay — forgets market closes

July 7, 2025

Murano Announces Enhancements to its Core Strategy with Bitcoin (BTC) Treasury Initiative Following Execution of Up to $500 Million Standby Equity Purchase Agreement (SEPA)

July 7, 2025
Add A Comment

Leave A Reply Cancel Reply

Subscribe to Updates

Get the latest crypto news and updates directly to your inbox.

Top Posts

Russia’s biggest state-backed bank sees no use for CBDC, so why push ahead anyway?

July 8, 2025

Rango Exchange Joins zkSync Partner Hub to Advance Cross-Chain DeFi Access

July 8, 2025

Meta reportedly recruits Apple’s head of AI models

July 8, 2025
Advertisement
Demo

Crypto Observer is your one-stop website for the latest crypto news and updates, follow us now to get the news that matters to you.

Facebook X (Twitter) Instagram
Crypto News

Shiba Inu Price Could See 180% Explosion As This Indicator Flashes Bullish Divergence

July 7, 2025

Russia Wants to Eliminate Tax Dodgers in Bitcoin Mining: Report

July 7, 2025

Bitcoin’s Liquidity Lifeline Just Got Cut—What You Need To Know

July 7, 2025
Get Informed

Subscribe to Updates

Get the latest crypto news and updates directly to your inbox.

Facebook X (Twitter)
  • Privacy Policy
  • Terms of use
  • Advertise with us | Publishing
  • Contact us
  • Crypto News – Press release
  • Newsletter sign up
  • Markets
  • Altcoins
  • Bitcoin
  • Crypto News
  • DeFi
  • Ethereum
  • Technology
  • Blockchain
  • AI
  • NFT
  • Thanks for joining us
© 2025 Crypto Observer. All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.