Hewlett Packard Enterprise sees its best performance in years after posting growth from AI server market

Hewlett Packard Enterprise stock rises as much as 15% on fiscal Q2 results. AI server segment doubles revenue to $900 million. HPE stock reaches new all-time high on Wednesday at $20.43. Some analysts remain worried about weak bookings for later thisyear. Hewlett Packard Enterprise stock has shot up as much as 15% on Wednesday after the legacy computing company reported quarterly results showing a leap in demand for its AI server products.

Other forms of AI utilize probabilistic techniques to determine a quality or perception of an entity, like Upstart’s lending platform, which uses an AI-enhanced credit rating system to determine credit worthiness of applicants by scouring the internet for data related to their career, wealth profile and relationships. Other types of AI use large databases from scientific studies to generate new ideas for possible pharmaceuticals to be tested in laboratories.

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