HPE raises annual forecasts as AI, networking demand lifts quarterly revenue

Sept 2 : Hewlett Packard Enterprise raised its annual forecasts on Wednesday after reporting quarterly results that beat Wall Street expectations, as surging AI-related demand across networking and servers drove growth across its business.HPE's high-powered servers, which are essential for building and training AI models, have been in high demand from cloud computing giants and large enterprises. Enterprise IT infrastructure spending is strengthening, driven by continued investment in AI, server refresh cycles and rising demand for data center capacity, Citi analysts have said."It's clear to us that the market, the tailwinds in AI, particularly the adoption of AI in the enterprise, is really starting to settle in," CFO Marie Myers told Reuters in an interview. HPE expects enterprise adopti