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HPE shares rise 15% on AI demand
The rise in Hewlett Packard Enterprise's shares by 15% came after the company's announcement of its largest profits since 2018, driven by strong demand for AI products, particularly in the server division. Revenues surpassed expectations along with second-quarter profits, with adjusted earnings per share of 79 cents and revenues reaching $10.68 billion. There was exceptional growth in orders for AI-related servers.
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