HPE expects to achieve 2028 financial targets this year after record quarter on AI boom

Hewlett Packard Enterprise posted record second-quarter results on Monday, prompting the company to accelerate its long-term financial goals by two ‌years, as expansion of AI data centers boosts demand for its servers and ‌networking products. Shares of the company rose 30% in extended trading after HPE also appointed Elliott Investment Management partner ​Christopher Hsu to its board in connection with their cooperation agreement. HPE, which competes with Dell and Super Micro Computer, is benefiting as customers increasingly buy server and data center equipment to power AI applications such as ChatGPT amid a memory chip crunch.