作者 | Hunting Alpha 惠普 ( NYSE ： HPE ) 今年开局不佳，原因多种多样：备受期待的并购交易推迟、利润率压力高于预期，以及AI收入增长低于预期。这促使分 析师再次认真审视该股，并对其进行了重新评估： 人工智能显然是其重要的增长主题。对于 惠普而言，其整体人工智能系统在营收组合中的贡献一直在增长，但在上个季度，其贡献却意外环比 下降了 620个基点 。 编译 | 华尔街大事件 1. 预计人工智能收入结构将加速增长，但 2025 财年下半年 2. 预计利润压力将持续存在 3. Juniper 收购案仍有可能完成，但由于延迟和不确定性，其估值可能会下降 4. 估值接近长期公允价值，但面临较低的盈利增长预期 5. 尽管支撑位出现看涨反应，但进一步上涨之前更有可能进入盘整阶段 6. 股东积极主义是一种可监控的上行风险 管理层将这一下滑归咎于芯片供应链受限和需求趋势放缓的双重打击。坏消息是，这些不利因素预计至少还会持续一个季度： 我们确认的[人工智能系统]收入约为9亿美元，高于去年的约4亿美元，但由于芯片供应和客户准备情况，环比下降符合预期。我们预 计这些因素将继续影响我们的人工智能系统业务。 ...

Group 1 - Meta and Booz Allen Hamilton launched "Space Llama," an open-source AI model designed to assist astronauts with research at the International Space Station's National Laboratory [1] - The initiative aims to enhance space exploration and research, allowing astronauts to tackle complex scientific problems and drive innovation [2] - This announcement follows Booz Allen Hamilton's deployment of the first known large language model in space, with the addition of Meta's fine-tuned Llama 3.2, utilizing advanced technology from Hewlett Packard Enterprise and Nvidia [3]

Hewlett Packard Enterprise NYSE: HPE now finds itself in a precarious situation. The firm will deal with something that many executives dread: activist investors. This situation comes as headlines broke that the investment company Elliott Management has accumulated a large stake in HPE. Hewlett Packard Enterprise TodayHPEHewlett Packard Enterprise$15.13 +0.25 (+1.65%) 52-Week Range$11.97▼$24.66Dividend Yield3.44%P/E Ratio7.96Price Target$20.60Add to WatchlistElliott Management engages in various strategies ...

Trading in Hewlett Packard Enterprise Company HPE is quiet on Wednesday. This comes after yesterday's gain of more than 5%. The move was driven by news that activist fund Elliot Investment Management has invested more than $1.5 billion in Hewlett.There is a chance that the stock continues to move higher. Yesterday's rally may have made the shares ‘breakout' above a resistance level. This is why we have made it our Stock of the Day.In the financial markets, there is a tendency for price levels that had been ...

Company Overview - Proactive is a financial news publisher that provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The company has a team of experienced and qualified news journalists who produce independent content [2] Market Focus - Proactive specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - The content delivered includes insights across various sectors such as biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Technology Adoption - Proactive is recognized for its forward-looking approach and enthusiastic adoption of technology to enhance workflows [4] - The company utilizes automation and software tools, including generative AI, while ensuring that all content is edited and authored by humans [5]

Elliott Investment Management has quietly built a stake worth more than $1.5 billion in HewlettPackard Enterprise Co. (HPE), becoming one of the networking and software company’s top five shareholders, according to a Bloomberg report citing people familiar with the matter.The activist hedge fund, known for its aggressive shareholder campaigns in the tech sector, is expected to push for changes to enhance shareholder value at HPE, although its exact demands are not yet known, the report said. Both Elliott an ...

Group 1 - Shares of Hewlett Packard Enterprise (HPE) increased nearly 5% following Elliott Investment Management's acquisition of a stake exceeding $1.5 billion in the company [1] - Elliott Investment Management aims to engage HPE in discussions to enhance shareholder value [1] - HPE's stock has declined by more than 25% in value this year [2] Group 2 - HPE exceeded quarterly revenue expectations last month but provided weak guidance for the full fiscal year [2] - The company is facing challenges with higher discounting and anticipates that price adjustments will negatively impact its top-line growth [2]

Core Insights - The AI infrastructure market is expected to exceed $200 billion in spending by 2028, with both Dell Technologies and Hewlett Packard Enterprise well-positioned to benefit from this growth opportunity [2] Dell Technologies - Dell Technologies is experiencing strong demand for its AI-optimized servers, particularly the PowerEdge XE9680L, driven by digital transformation and interest in generative AI applications [3] - In Q4 of fiscal 2025, Dell's AI-optimized server orders increased by $1.7 billion, with shipments totaling $2.1 billion and a backlog of $4.1 billion [5] - Dell's partnership with companies like NVIDIA and Microsoft is expanding, enhancing its AI capabilities and enterprise AI adoption [6] - Dell's shares are trading at a forward Price/Sales ratio of 0.5X, indicating a relatively low valuation [13] - The Zacks Consensus Estimate for Dell's fiscal 2026 earnings is $9.34 per share, reflecting a 14.74% year-over-year increase [15] Hewlett Packard Enterprise - Hewlett Packard is also benefiting from strong demand for its AI-optimized servers, with its server business growing 30% year-over-year to $4.3 billion in Q1 of fiscal 2025 [7] - The launch of HPE's ProLiant Gen 12 server platform is expected to improve performance and energy efficiency, potentially replacing multiple older server generations and reducing power consumption by at least 65% [8] - HPE's GreenLake cloud product has achieved significant growth, with annual recurring revenue surpassing $2 billion, a 46% increase year-over-year [9] - HPE's shares are trading at a forward Price/Sales ratio of 0.52X, slightly higher than Dell's [13] - The Zacks Consensus Estimate for HPE's fiscal 2025 earnings is $1.94 per share, indicating a 2.51% decline year-over-year [15] Stock Performance - Year-to-date, Dell's shares have decreased by 34.9%, while HPE's shares have dropped by 37.6%, largely due to broader market weaknesses and rising trade tensions [10] - Dell holds a Zacks Rank of 3 (Hold), making it a stronger pick compared to HPE, which has a Zacks Rank of 4 (Sell) [17]

Core Viewpoint - Hewlett Packard Enterprise (HPE) has experienced a significant decline in stock price, losing 36.1% over the past three months, which is notably worse than the declines seen in the Zacks Computer - Integrated Systems industry, Zacks Computer and Technology sector, and the S&P 500 index [1][4]. Group 1: Stock Performance and Market Conditions - HPE's stock underperformance is attributed to broader market weakness and deteriorating investor sentiment due to rising trade tensions and fears of escalating costs from additional tariffs [4][5]. - The company's manufacturing facilities are concentrated in countries like China and Mexico, which have been impacted by tariffs imposed by the Trump administration, leading to increased component costs and margin pressure [5]. Group 2: Earnings and Financial Performance - HPE missed its fiscal first-quarter earnings expectations due to unexpected pricing pressures from aggressive discounting on traditional servers and a normalization of post-pandemic backlog orders in its high-margin Intelligent Edge division [6]. - In fiscal 2024, HPE reported an increase of $135 million in charges related to acquisitions, primarily due to costs associated with the pending acquisition of Juniper Networks, which is expected to undermine HPE's earnings performance [11]. Group 3: Regulatory Challenges - The U.S. Department of Justice (DOJ) has raised concerns regarding HPE's acquisition of Juniper Networks, filing a lawsuit to block the merger on the grounds that it may eliminate competition and stifle innovation in the networking market [10]. - The networking market is currently dominated by a few key players, including HPE, Juniper Networks, Arista Networks, and Cisco, which adds to the competitive pressures faced by HPE [7][8]. Group 4: Investment Recommendation - Given the challenges related to rising costs from tariffs and regulatory hurdles in the acquisition of Juniper Networks, it is suggested that investors consider selling HPE stock at this time [12].

Group 1 - Hewlett Packard Enterprise (HPE) is a company that split from HP in 2015 and has been focusing on servers and data storage since then [1] - The company has been actively pursuing its development path and aims to provide tailored investment solutions [1] - HPE's strategic focus includes high-growth technology equities, undervalued blue-chip stocks, and niche market opportunities [1]