Hewlett Packard Enterprise

Headlines · 1

1. 2d
   Barclays cuts Dell, HPE, NetApp ratings; Dell falls 11% on enterprise AI timing fears

   Barclays analyst Tim Long downgraded Dell Technologies to Neutral from Overweight and cut his target price to $574 from $603, also lowering ratings on Hewlett Packard Enterprise and NetApp over concerns that enterprise AI adoption is lagging. Dell shares fell 11.4% on Wednesday to close at $507.43, their biggest one-day drop since April 3, 2025, while HPE and NetApp slid 8.28% and 7.03% respectively. Long attributed much of Dell's more than 300% year-to-date gain to price increases that offset higher memory costs rather than a broad enterprise AI demand surge; he still expects Dell's AI server revenue to roughly triple to about $75 billion this fiscal year but warned the valuation is stretched and upside surprises may narrow.

   CNBC Technology · 🔥 0

Experience and discussion from the community

Share my Hewlett Packard Enterprise experienceAsk about Hewlett Packard Enterprise