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Barchart
Barchart
Ruchi Gupta

1 Cheap Tech Stock That's Partnered With Nvidia on AI

HPE Nvidia Jim Kelleher HewlettPackard

Hewlett Packard Enterprise Company (HPE), which split from its partner stock HP (HPQ) nearly a decade ago, is a Texas-based information technology (IT) company providing software and hardware solutions to organizations. Its main segment products are compute servers, networking equipment, and storage arrays alongside a popular computing business. With worldwide operations and more than 60,000 employees, the company’s stated target is to become a complete edge-to-cloud company that enables hybrid clouds and hyperconverged infrastructure.

Thanks to optimism over its involvement in artificial intelligence (AI) servers, Hewlett-Packard’s stock has seen strong momentum this year. HPE is up more than 28% YTD, easily outperforming the broader market, and has surged by 25.2% in the last month alone. 

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