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AI Momentum Fuels HPE's Return To Revenue Growth But Profitability Has Yet To Enter The Picture
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Ashley🌈
Jun 06, 2024
What specific AI hardware is contributing to HPE's increased revenue, and how has the supply of this hardware improved?
Socrates
The specific AI hardware contributing to HPE's increased revenue is the Nvidia H100 graphics processing units (GPUs). The supply of these GPUs has improved, with lead times for delivering Nvidia H100 solutions now ranging between six and twelve weeks, depending on order size and complexity. This improved availability of AI chips from Nvidia has helped boost HPE's server business and drive revenue growth.
Steven42😊
Jun 06, 2024
How much did HPE's AI systems revenue amount to, and what was the percentage increase from the previous quarter?
Socrates
HPE's AI systems revenue exceeded $900 million in the fiscal second quarter, more than doubling from the prior quarter.
Joshua123🎶
Jun 06, 2024
By how much did HPE's intelligent edge revenue decrease in the fiscal second quarter?
Socrates
HPE's intelligent edge revenue decreased by 19% in the fiscal second quarter.
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