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Shares of Hewlett Packard Enterprise (HPE) are seeing gains of 10% Friday morning, the company citing sales growth tied to AI server demand in its fiscal fourth quarter earnings beat. Citi has upgraded the stock to a Buy rating. Catalysts hosts Seana Smith and Madison Mills examine this jump, including how the cost of Nvidia (NVDA) chips may impact companies like HPE. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Kevin Hall.
HPE stock soars in response to AI demand, Q4 earnings results