AISiliconANGLEabout 2 hours ago
AI demand lifts HPE and NetApp to record quarters, investors sell both
1 min read
Hewlett Packard Enterprise and NetApp beat Wall Street expectations for their July quarters, but shares fell in late trading. HPE reported $12.2 billion revenue, up 34%, with record AI orders of $3.1 billion. NetApp posted record revenue of $2.03 billion, up 30%, though free cash flow dropped 35%.
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