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The board of Hewlett Packard Enterprise Company ( NYSE:HPE ) has announced that it will pay a dividend on the 14th of...
Shares of semiconductor giants Advanced Micro Devices (NASDAQ: AMD), Taiwan Semiconductor Manufacturing (NYSE: TSM), and Dell Technologies (NYSE: DELL) were all falling on Wednesday, down 5.2%, 3.7%, and 5.3%, respectively, as of 3:42 p.m. ET. None of these three companies had any company-specific news today, but one -- or actually, two -- of their main rivals reported earnings last night, casting a pall over any chip stock leveraged to the PC or server markets. Yesterday, both HP Inc. (NYSE: HPQ) and Hewlett Packard Enterprise (NYSE: HPE) reported earnings that disappointed.
The Yahoo Finance Live team breaks down some of the top moving stocks of the day. SoFi shares jumped on the debt deal moving through Congress. Under the terms of the deal, student loan repayments would restart, which would be good for SoFi's business. Advance Auto Parts shares plummeted more than 30% after slashing its guidance and dividend. Shares of both HP Inc. and Hewlett Packard Enterprise ended the day lower after the companies reported earnings that didn't meet investor expectations. Click here to see what HPE's CFO had to say about his company's results.
HPE shares falling sharply after the information technology company reported second quarter revenue that came in lighter than analysts were expecting. One area where HPE plans on growing is AI technology. In an interview with Yahoo Finance Live, HPE CFO Tarek Robbiati says the AI opportunity for HPE is "very, very significant" because the company has the ability to "assemble the large systems that needed to test AI models."
Hewlett Packard's (HPE) second-quarter results reflect the benefits of an improvement in the supply chain along with the increased demand for its products and services.
Q2 2023 Hewlett Packard Enterprise Co Earnings Call
The stock market has been on a roll lately, but it appeared Wednesday morning that investors would have to deal with at least a brief pause in the uptrend. Futures contracts on major market benchmarks were all down roughly half a percent in premarket trading, as market participants tried to weigh various impacts of a potential debt ceiling resolution as well as other macroeconomic factors. Investors have had a close eye on artificial intelligence (AI) stocks, largely because many of them have been performing extremely well lately.
Investing.com -- Stocks are falling on Wednesday as lawmakers prepared to vote on the debt ceiling deal. Here are the market movers for May 31.
HP Inc. is plotting an AI future as sales of PCs continue to be under pressure.
U.S. stocks closed down on Wednesday as a deal to raise the federal debt ceiling headed for a crucial vote in Congress, while unexpectedly strong labor market data rattled investors who fear the Federal Reserve might hike interest rates again in June. The House of Representatives is expected to vote in the evening on a bill to lift the $31.4 trillion debt limit, a critical step to avoid a destabilizing default that could come early next week without congressional approval. But most analysts foresee the bill's approval and U.S. President Joe Biden said on Wednesday he expected the debt ceiling bill on his desk by next Monday.
U.S. stock index futures dipped on Wednesday as a deal to raise the nation's debt ceiling headed in for a pivotal vote by lawmakers, while shares of Hewlett Packard Enterprise slipped after it missed quarterly revenue targets. A bill to lift the $31.4 trillion U.S. debt ceiling and achieve new federal spending cuts made its way to the House of Representatives for debate on Tuesday and an expected vote on passage is due later in the day. The debt ceiling debate has been an overhang for financial markets, but the S&P 500 and the Nasdaq indexes were still set for monthly gains in May.
Investing.com -- Stocks in focus in premarket trade on Wednesday, May 31st. Please refresh for updates.
Although the revenue and EPS for HP Enterprise (HPE) give a sense of how its business performed in the quarter ended April 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
HP Enterprise (HPE) delivered earnings and revenue surprises of 10.64% and 4.26%, respectively, for the quarter ended April 2023. Do the numbers hold clues to what lies ahead for the stock?
Yahoo Finance Live's Seana Smith takes a look at several stocks trending in the after-hours trading session including HP Inc., Box, and Hewlett Packard Enterprise.
HP Inc. managed to beat on earnings amid a focus on managing its costs.
HOUSTON, May 30, 2023--Hewlett Packard Enterprise (HPE) reports Q2'FY23 earnings that show its portfolio mix is driving revenue growth, EPS expansion and higher ARR
Investing.com - U.S. stock futures were trading within a tight range during Tuesday's evening trade, as market participants weighed the likelihood of U.S. Congress passing a debt deal ahead of a vote on the legislation as early as Wednesday.
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Hewlett Packard's (HPE) fiscal second-quarter results are likely to reflect gains from growing demand for its cloud services amid the ongoing digital transformation trend.
If you're looking for a multi-bagger, there's a few things to keep an eye out for. Amongst other things, we'll want to...
Hewlett Packard (HPE) is selected by the Tokyo Institute of Technology Global Scientific Information and Computing Center to build a next-generation supercomputer, TSUBAME4.0.
TOKYO, May 19, 2023--Hewlett Packard Enterprise (NYSE: HPE) today announced that it was selected by Tokyo Institute of Technology (Tokyo Tech) Global Scientific Information and Computing Center (GSIC) to build its next-generation supercomputer, TSUBAME4.0, to accelerate AI-driven scientific discovery in medicine, materials science, climate research, and turbulence in urban environments.
HOUSTON, May 16, 2023--Hewlett Packard Enterprise (NYSE: HPE) today introduced the next step in the HPE Ezmeral Software platform, designed to help organizations leverage data globally and deploy analytics at scale through a predictable, software-as-a-service (SaaS) solution for hybrid multi-cloud environments. HPE Ezmeral Software extends the edge-to-cloud data and analytics capabilities of HPE GreenLake and provides the data and analytics foundation for machine learning (ML) and artificial int