Hewlett Packard Enterprise Shares Traded Higher Tuesday: Here's Why

Hewlett Packard Enterprise Co. HPEHTTPSHPE shares were volatile Tuesday afternoon following significant announcements at HPE Discover 2024. The company unveiled key collaborations aimed at advancing its position in AI and cybersecurity.

What Happened: Hewlett Packard Enterprise announced a partnership with Nvidia and introduced Nvidia AI Computing by HPE, a comprehensive portfolio targeting generative AI adoption across enterprises. The AI solutions include HPE Private Cloud AI, designed to streamline AI application deployment with integrated Nvidia AI computing technologies.

The initiative aims to accelerate digital transformation by enabling industries to leverage AI for enhanced productivity and innovation.

Additionally, Hewlett Packard Enterprise announced a strategic partnership with CrowdStrike Holdings Inc. CRWD, enhancing its cybersecurity capabilities.

The partnership integrates CrowdStrike’s endpoint security solutions with Hewlett Packard Enterprise’s infrastructure, providing customers with robust security measures across hybrid and multi-cloud environments. The partnership aims to secure end-to-end AI innovation, including large language models, accelerated by Nvidia.

HPE Price Action: Hewlett Packard shares closed Tuesday up 0.83% at $21.84, according to Benzinga Pro.

See Also: Hewlett Packard Enterprise and Danfoss Partner to Curb Data Center Energy Consumption and Reuse Excess Heat

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