Hewlett Packard Enterprise (HPE) shares are extending gains on Sept. 30 after management announced a $1.2 billion order from Vultr to deploy AMD’s (AMD) cutting-edge Helios AI rack architecture. The landmark deal with the cloud infrastructure provider underscores HPE’s growing footprint in high-density artificial intelligence (AI) deployments.
The disclosure arrives at a time when Hewlett Packard stock is already trading at record levels, up a remarkable 170% versus the start of this year.