Super Micro Computer Inc., a major player in the data center hardware sector, is facing turbulent times as its stock took a sharp dive after the company revealed a severe downward revision of its sales forecasts for the September and December quarters. The San Jose-based tech giant, already under scrutiny for alleged accounting mismanagement, is […]
Banzai International experienced a dramatic 96% surge in its stock value, hitting $8.23 after announcing a substantial debt restructuring plan worth $24.8 million. This comes after the Seattle-based marketing technology company made a decisive move to tackle its financial burdens by restructuring its debt and extending its cash runway. The company’s shares had been down […]
Hewlett Packard Enterprise (HPE) saw a significant decline in its stock price after announcing a $1.35 billion mandatory convertible preferred stock offering. The offering aims to fund its acquisition of networking equipment manufacturer Juniper Networks, a deal valued at $14 billion and intended to bolster HPE’s capabilities in artificial intelligence (AI) infrastructure. Stock Price Impact […]
Hewlett Packard Enterprise (HPE) reported record-breaking AI revenue in its latest earnings, driven by growing demand for AI servers equipped with powerful Nvidia graphics processing units. Despite the impressive revenue growth, HPE’s stock dropped by over 2% in extended trading, raising concerns about the company’s profit margins in its AI server business. Record AI Revenue […]
Hewlett Packard Enterprise (NYSE: HPE) has announced a definitive agreement to acquire Morpheus Data, a leading provider of hybrid cloud management and platform operations software. This strategic acquisition underscores HPE’s commitment to enhancing its HPE GreenLake cloud platform by incorporating advanced multi-vendor and multicloud capabilities. The integration of Morpheus Data is expected to significantly elevate […]
Hewlett Packard Enterprise (NYSE: HPE) has embarked on a transformative partnership with CMC Markets plc, a leading retail stockbroker in Australia. The collaboration, valued at several million dollars, will modernize CMC Markets’ Australian operations using the advanced capabilities of HPE GreenLake cloud. This strategic move is set to enhance CMC Markets’ infrastructure, providing a scalable, […]
Japan’s National Institute of Advanced Industrial Science and Technology (AIST) has announced a significant enhancement to its AI Bridging Cloud Infrastructure (ABCI 3.0), incorporating thousands of NVIDIA H200 Tensor Core GPUs and leveraging HPE Cray XD systems for groundbreaking computational performance. This initiative, bolstered by NVIDIA Quantum-2 InfiniBand networking, signifies Japan’s strategic advancement in AI […]
Wipro, a global leader in technology services and consulting, in collaboration with Hewlett Packard Enterprise (HPE), has announced the launch of a revolutionary GenAI solution at the new Customer Experience Center (CEC) in Wipro Cloud Studio’s Kodathi office. This strategic partnership aims to significantly enhance operational efficiency and customer experience across various sectors. Enhancing Operational […]
HCLTech (NSE: HCLTECH), a global leader in technology services, has announced a significant expansion in the telecom services market through an asset acquisition from Hewlett Packard Enterprise (NYSE: HPE). This strategic move involves the carving out of specific assets from HPE’s Communications Technology Group (CTG), positioning HCLTech to enhance its service offerings in the rapidly […]
In a significant stride towards sustainable IT solutions, Hewlett Packard Enterprise (HPE) has partnered with Astellas Pharma Inc., marking a pivotal initiative in the global pharmaceutical sector’s approach to environmental stewardship and technological innovation. This collaboration is centered around the deployment of HPE Asset Upcycling Services across various Astellas locations, beginning with Canada. This initiative […]