HPE CEO talks Nvidia AI partnership, IT spend, Juniper trial
Hewlett Packard Enterprise (HPE) is in the middle of its annual Discover event in Las Vegas to showcase its latest technological innovations.
HPE CEO Antonio Neri sits down with Opening Bid host Brian Sozzi to explain how demand for networking and hybrid cloud remains solid, what IT spend looks like right now, and how the company is preparing for its upcoming Juniper acquisition trial with the US Department of Justice (DOJ).
To watch more expert insights and analysis on the latest market action, check out more Opening Bid here.
All right. For this, today's power player, I am locked in on Hewlett Packard Enterprises. Company is holding its annual Discover event in Vegas to show off its latest technologies to customers, especially on the AI front. HPE CEO Antonio Neri is here with me now from the event. Antonio, always great to see with see you. Don't know how you made time for me, but I appreciate it nonetheless. Out of all the announcements that you have come out with here, uh, from Discover, the announcement with Nvidia and AI factories really caught my attention. Why is that such a big thing for HPE's bottom line?
Well, good morning, Brian, and thanks again for having me. What a great week for us here at HP Discover Vegas. I'm standing here on the show floor. It's a seven acres of technology on display. And after a great day yesterday at the sphere, where I gave my keynote. But to your point, yesterday we made a number of very strategic announcements. One of them, obviously, was the expansion of our AI factories with Nvidia. We continue to have a terrific partnership with Nvidia, expanding our solutions for sovereigns, which is an area where we see tremendous interest and growth. Obviously, the continued capex investment in service providers, as well as the continuation of the model builders. And then enterprise. And enterprise here, we have more than 12,000 customers visiting us this week. And they're all interesting to accelerate their journey to AI. And that tells you the interest is super, super high. And that's with Nvidia, we have co-architect, the co-engineered a solution that's easy to deploy it for time to value.
Antonio, um, Keybank out with a good report here today. They surveyed a lot of CIOs who are out there buying tech. Um, they are noting the slowest IT spending growth outlook since 2020. How is that starting to take shape in your business?
Well, look, we don't see a slowdown in IT spend. Uh, in fact, if you really follow the last few quarters of continuous revenue growth, you see that the momentum is across all line of businesses. Look, to deploy AI, continue your journey to a hybrid cloud experience across your enterprise, you need more networking. And so, networking has clearly recovered in the market. And we see that in our growth in our orders, and now in our revenue. Uh, GreenLake has been positioned extremely successful to be that bridge to provide a hybrid experience. And we continue to grow on an average of 35 to 45%. And this week, we announced the agentive approach to our GreenLake cloud. And what they're very interested is using GreenLake as an intelligence, meaning we can bring to them an army of AI agentive kind of capabilities, so they can remove people that are in the loop and put them on the loop. And so those actions can be taken by AI. So, I haven't seen that, honestly, Brian, but obviously there is a lot of uncertainty in the market. There's always geopolitical tension, but I think we'll continue to be a top of mind for enterprises.
And Tony, before we let you go, and I know you're busy guy at this conference, um, July 9th is the Juniper trial. Would you assign any probability to this, I guess this trial not actually happening, that the government drops its case and lets you take battle versus Cisco in this market?
Well, look, everything is possible. We continue to work to try to work a remediation sort of settlement, but fact of the matter is that we are so close to the trial. Our view is that we believe this is pro competitive, we believe this is good for enterprises. Remember, we don't support consumers. And ultimately, we believe we will prevail in court if we have to go all the way there.
All right, we'll leave it there, Antonio Neri. Good to see you, as always. Good to see that HP stock symbol behind you at the conference. I'm digging it. Put something on black for me in Vegas. We'll talk to you soon.
We'll do. Thank you.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
an hour ago
- Yahoo
Veteran analyst offers eye-popping Nvidia, Microsoft stock prediction
Veteran analyst offers eye-popping Nvidia, Microsoft stock prediction originally appeared on TheStreet. In the last six months, AI stocks have been anything but boring. After a few years of massive gains, AI stocks kicked off the year getting slammed as a bubble. Talk of bloated valuations and too much hype had investors wondering if the party was over. 💵💰💰💵 Then in April, President Donald Trump's surprise tariffs crashed the market, pulling down the S&P 500 by nearly 19%. AI bellwether stocks like Nvidia () and Microsoft () tanked, and many felt the AI rally was dead and buried. Yet here we are with the S&P 500 at an all-time high, lifted by a roaring AI comeback driven by chip leaders and cloud giants. Now one of Wall Street's sharpest has AI back at the helm, pointing to two giants ready to win big. In the AI race, Nvidia and Microsoft play different but critical roles in advancing the industry. Nvidia's ubiquitous AI-ready GPUs are the go-to hardware for training and inference. Its latest Blackwell Ultra chips, for instance, promise 1.5 times the punch of earlier models, rolling out even cheaper versions for China to dodge export curbs and grow its reach. Speaking of reach, Nvidia's data-center accelerators handle a whopping 90% of AI workloads the software side, CUDA keeps millions of developers hooked on fine-tuning performance. On top of that, its patented tools like TensorRT and NeMo make deploying models simpler, and DGX Cloud brings on-demand AI clusters to the table. Take CoreWeave, one of Wall Street's biggest stories this year, which shows how anything Nvidia touches turns to gold. Backed by a 7% Nvidia stake, Coreweave stock has built monster AI supercomputers and is up 308% from its IPO earlier this year. Hence, with a powerful full-stack approach, Nvidia remains an inseparable partner in building next-gen AI. More Tech Stock News: Circle's stock price surges after stunning CEO comment Robotaxi rivalry heats up as new cities come online Analyst reboots AMD stock price target on chip update Microsoft, by contrast, is all-in on software and services to layer AI across its ecosystem. Front and center is Microsoft's massive multi-billion-dollar OpenAI partnership, weaving ChatGPT into Azure, Teams, and Office 365. Microsoft's robust cloud service in Azure packs prebuilt and custom models and low-code tools. Similarly, Microsoft 365 Copilot amps up Word and Excel, while the Windows Copilot pushes AI deep into daily work. Together, Nvidia's cutting-edge chips and Microsoft's cloud and tools power the entire AI stack, pushing them ahead of their peers. Wedbush thinks Nvidia and Microsoft could touch $4 trillion in market cap this year and ride the AI wave to $5 trillion by next year. This bold call lands as Nvidia just reclaimed the top spot from Microsoft, hitting new highs. As of yesterday's close, Nvidia's market cap stood at $3.78 trillion, while Microsoft sported a $3.7 trillion market cap. Apple's the other tech giant in the $3 trillion club, and it was once the world's most valuable company. Veteran analyst Dan Ives, in his note, wrote, 'The poster children for the AI Revolution are led by Nvidia and Microsoft, as both are foundational pieces of building on the biggest tech trend we have seen in our 25 years covering tech stocks on the Street.'AI use cases have exploded of late, from cybersecurity and software to chips and robotics. Nvidia CEO Jensen Huang believes robotics will be the next multi-trillion-dollar catalyst after AI. Ives agrees that the ripple effect is huge, that every dollar spent on Nvidia sparks another $8 to $10 across the wider tech world. In crunching the numbers, Microsoft's market cap has slipped 10.8% over the past year, losing about $400 billion. Conversely, Nvidia soared nearly 25%, adding $950 billion from its AI GPU boom. Stretch that to three years, and the gap gets even wider. Microsoft's up a robust 21%, but Nvidia's exploded 472% as it pivoted from gaming chips to the AI driver's seat. Wedbush's $4 trillion call equates to a 5.2% bump from Nvidia's current market cap and an 8.4% jump for Microsoft. Pushing to $5 trillion in 18 months ups the game, with Nvidia potentially rising 31.5% and Microsoft at 35.5%.Veteran analyst offers eye-popping Nvidia, Microsoft stock prediction first appeared on TheStreet on Jun 27, 2025 This story was originally reported by TheStreet on Jun 27, 2025, where it first appeared.
Yahoo
an hour ago
- Yahoo
Analyst sends bold message on quantum computing stocks after Nvidia CEO's pivot
Analyst sends bold message on quantum computing stocks after Nvidia CEO's pivot originally appeared on TheStreet. When people talk about computing speed today, they think of Nvidia's () powerful GPUs, the gold standard for accelerating artificial intelligence. But there could be another quieter revolution gaining traction: quantum computing. 💵💰💰💵 Quantum computing's potential applications include portfolio optimization in finance and simulating complex chemical systems, tasks that today's most powerful supercomputers still struggle to solve. Still, the technology is years away from mass adoption. But Nvidia CEO Jensen Huang has recently struck a more optimistic tone on quantum computing. 'Quantum computing is reaching an inflection point,' he said at a conference on June 11. Classical computers process information in bits, and each bit is either a 0 or a 1. Quantum computers use qubits (quantum bits), which can be both 0 and 1 at the same time. This allows quantum computers to process vastly more possibilities at once. Think of a regular computer as a librarian, looking through books one by one to find the answer. Quantum computers, on the other hand, can look through all the books at once. "This means quantum computing may revolutionize our ability to solve problems that are hard to address with even the largest supercomputers," the U.S. Department of Energy noted that 'we are within reach' of applying quantum computers "in areas that can solve some interesting problems in the coming years.' This is a notable shift from Huang's earlier skepticism. He had previously said that a 15-year timeline for useful quantum computing was 'on the early side,' and that a 20-year horizon was more realistic. Those remarks triggered sharp declines in shares of quantum-focused companies like Quantum Computing Inc. () , IonQ () , and D-Wave Quantum () . This week, shares of Quantum Computing Inc. lost more than 11% as the firm sold approximately 14 million shares of common stock at $14.25 per share to institutional investors. The deal was announced on June 23 and closed on June 24, bringing the firm about $200 million. The firm said it intends to use the net proceeds from the sale to accelerate commercialization efforts, to engage in strategic acquisitions, and for working capital and general corporate purposes. The stock dropped after the dilution, but one Wall Street veteran is buying more shares on that dip. Stephen Guilfoyle, Wall Street's 30-year veteran analyst, said he added positions in Quantum Computing Inc. and D-Wave Quantum this week. He also unveils bold price targets for the two stocks, according to his note published on TheStreet Pro. 'In response to the sale and the diluted share price, on Monday morning ahead of the opening bell, I had added small to my existing long position and had also re-initiated a long position in key competitor D-Wave Quantum,' Guilfoyle wrote. 'Neither firm will report for almost two months.'Guilfoyle noted that Quantum Computing Inc. has burned through more than $65 million in cash over the past three years, and its latest $200 million capital raise — done at $14.25 per share — was priced well above where the stock traded just months ago. 'Apparently, despite the cash burn, and despite the fact that the shares traded $4.37 this year, some institutional investors are willing to pay for the shares,' he wrote. He now sees a new technical pivot for QUBT at $21.80 and has raised his price target to $27, citing healthy relative strength and a bullish technical setup. "Investors will have to digest the extra shares. That said, quantum computing stocks are momentum driven and do not trade on fundamentals," he added. More Nvidia: Analysts revamp forecast for Nvidia-backed AI stock Nvidia stock could surge after surprising Taiwan Semi news Nvidia CEO sends blunt 7-word message on quantum computing As for D-Wave, Guilfoyle believes the chart looks even better. He sees a pivot at $18.30, with a target of $23 if the rally continues. Both stocks have more than tripled from their March lows. On June 26, Quantum Computing Inc. closed at $16.79, and D-Wave Quantum finished at $14.06. Analyst sends bold message on quantum computing stocks after Nvidia CEO's pivot first appeared on TheStreet on Jun 27, 2025 This story was originally reported by TheStreet on Jun 27, 2025, where it first appeared.
Yahoo
an hour ago
- Yahoo
Veteran fund manager who predicted Nvidia stock rally makes surprising move
Veteran fund manager who predicted Nvidia stock rally makes surprising move originally appeared on TheStreet. Nvidia () shares climbed for five consecutive days this week, closing at a record high of $157.75 on June 27. The rally has made the AI chipmaker the most valuable company again, with a market cap of about $3.85 trillion, ahead of Microsoft () and Apple () . About three months ago, some pessimistic investors thought that Nvidia's stock had probably reached a dead end as it fell sharply amid macro uncertainties and trade policies. But the stock has gained 67% since its low in early was hit hard as the U.S. tightened export restrictions on advanced chips in April. The Trump administration said Nvidia would need an export license to ship the H20 processors to China. The H20 chip was designed under the Biden administration's rules. The chipmaker took a $4.5 billion charge in the April quarter and said it would have made an additional $2.5 billion in revenue without the restriction. Nvidia's CEO, Jensen Huang, has long warned that export controls could hurt U.S. chipmakers and even threaten the country's position as the global leader in technology. 'If we want the American technology stack to win around the world, then giving up 50% of the world's AI researchers is not sensible," Huang recently said on CNBC. Several developments have driven Nvidia's rally since its April low. The stock first began to recover after the U.S. and China agreed to temporarily pause the elevated tariffs. Sentiment improved further when the Trump administration scrapped the Biden-era AI diffusion rule, which was another export control on advanced AI chips. In May, shares got another boost from news that Nvidia would supply AI chips to Saudi Arabia's Humain, a rising tech player in the May 28, Nvidia posted strong fiscal first-quarter results. Adjusted earnings came in at 96 cents per share on $44.06 billion in revenue, beating Wall Street's estimates of 93 cents and $43.31 billion. The company guided for $45 billion in revenue for the current quarter, just under analysts' forecast of $45.9 billion. Nvidia said that number would have been roughly $8 billion higher without the ongoing export curbs to China. This week's rally was also helped by signs of easing U.S.-China trade tensions. Secretary of Commerce Howard Lutnick told Bloomberg that a trade deal with China has been finalized and signed. The deals said China would ship rare earth metals to the U.S. in exchange for "countermeasure" removal. But it's still unclear whether semiconductors are part of the deal, and chips remain a major sticking point in trade negotiations. As Nvidia shares climbed, Chris Versace, a Wall Street veteran fund manager who oversees TheStreet Pro's portfolio, just sold part of his stake during the rally. On June 26, Versace trimmed roughly 10% of the portfolio's Nvidia stake at $154.06. The gains were just over 100%.Versace began his career in equity research and now has more than 30 years of experience. He started buying Nvidia stocks in February 2024. He had predicted Nvidia's rally earlier this year, buying more shares in the dip. More Nvidia: Analysts revamp forecast for Nvidia-backed AI stock Nvidia stock could surge after surprising Taiwan Semi news Nvidia CEO sends blunt 7-word message on quantum computing "We remain bullish on the prospects for both companies, especially after Wednesday night's quarterly earnings report and lifted outlook from Micron () ," Versace wrote in a note on TheStreet Pro, adding that he still intended to hold Nvidia shares to "maximize AI and data center build out and AI adoption related returns." Versace said the sale reflected his stance as a 'disciplined investor,' adding that if Nvidia shares continue to rise and push the stock's weight back to 4.5% of the portfolio, 'we'll look to lock in additional gains.' As of now, Nvidia makes up 4.19% of the fund manager who predicted Nvidia stock rally makes surprising move first appeared on TheStreet on Jun 28, 2025 This story was originally reported by TheStreet on Jun 28, 2025, where it first appeared. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
