April

<div class="textg" style="text-align: justify; font-weight: lighter; line-height: 1.3em; font-size: 15px; border-radius: 3px; color: #80909a; padding: 10px; background-color: #F4F6F9; margin-bottom: 15px;">
 Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our&nbsp;<a href="https://tokenist.com/terms-of-service/" style="text-decoration:underline;color:#3c7b7b" target="_blank" rel="noreferrer noopener" class="deco-link">website policy</a>&nbsp;prior to making financial decisions.
</div> 
<p class="has-drop-cap">Hewlett Packard Enterprise (NYSE: HPE), Broadcom Inc. (NASDAQ: AVGO), and Super Micro Computer (NASDAQ: SMCI) have all seen their shares rise in today’s trading session, catching the attention of investors and analysts alike.</p> 
<p>HPE’s shares surged to a record high following impressive fiscal second-quarter results, driven by strong AI server sales and a backlog of $3.1 billion; Broadcom is expected to beat earnings estimates, with analysts revising their projections upward due to <a href="https://tokenist.com/three-semiconductor-stocks-to-hold-as-the-market-rebounds/" rel="dofollow" class="deco-link">the company’s history of outperforming consensus estimates</a>; and Super Micro Computer introduced a cutting-edge <a href="https://www.prnewswire.com/in/news-releases/supermicro-introduces-rack-scale-plug-and-play-liquid-cooled-ai-superclusters-for-nvidia-blackwell-and-nvidia-hgx-h100h200--radical-innovations-in-the-ai-era-to-make-liquid-cooling-free-with-a-bonus-302163711.html" target="_blank" aria-label="liquid-cooled AI data center (opens in a new tab)" rel="noreferrer noopener nofollow" class="deco-link">liquid-cooled AI data center</a> optimized for NVIDIA AI Enterprise software, positioning itself as a leader in the AI hardware market and driving investor enthusiasm.</p> 
<h3 id="hpe-shares-reach-record-high-on-ai-server-sales">HPE Shares Reach Record High on AI Server Sales</h3> 
<p>Hewlett Packard Enterprise shares surged up to 16%, reaching a record high, after the company reported impressive fiscal second-quarter results. Revenue increased by 3.3% to $7.2 billion, surpassing Wall Street’s projection of a 2% decline to $6.82 billion. Excluding some items, profit was 42 cents per share, beating the average estimate of 39 cents.</p> 
<p>The server business drove the strong performance, which generated $3.87 billion in revenue against an estimated $3.45 billion. <br><br>AI-oriented systems sales doubled from the first quarter to over $900 million, largely due to increased demand and better availability of <a href="https://tokenist.com/nvidia-unveils-new-chip-architecture-analyst-forecasts-10-trillion-valuation-by-2030/" rel="dofollow" class="deco-link">high-powered semiconductors from Nvidia Corp</a> (NASDAQ: NVDA). CEO Antonio Neri highlighted that the market is starting to recognize the potential of HPE’s AI server business, which has a current backlog of $3.1 billion.</p> 
<div class="cta-referral"> 
 <img src="https://tokenist.com/wp-content/themes/thetokenist/assets/img/del/cta-referral-1.png" alt="" class="cta-referral__img" loading="lazy" decoding="async"> 
 <div class="cta-referral__text"> 
  <p>Join our&nbsp;<a href="https://t.me/thetokenist" target="_blank" rel="noreferrer noopener nofollow" class="deco-link">Telegram group&nbsp;and never miss a breaking story.</a></p> 
 </div> 
</div> 
<h3 id="broadcom-expected-to-beat-earnings-estimates">Broadcom Expected to Beat Earnings Estimates</h3> 
<p>The market expects Broadcom Inc. to report higher earnings and revenues for the quarter ended April 2024. Expected quarterly earnings are $10.79 per share, representing a 4.6% year-over-year increase, while revenues are expected to be $12.04 billion, up 37.9% from the year-ago quarter.<br><br>The company has a history of outperforming consensus estimates, beating EPS estimates for the last four quarters. The upcoming earnings report and optimistic revisions have contributed to the stock’s gain.</p> 
<h3 id="super-micro-computer-introduces-liquid-cooled-ai-data-center">Super Micro Computer Introduces Liquid-Cooled AI Data Center</h3> 
<p>Super Micro Computer shares rose over 2% in <a href="https://tokenist.com/investing/how-to-trade-after-hours/" rel="dofollow" class="deco-link">premarket trading</a> after introducing a “ready-to-deploy liquid-cooled AI data center” optimized for NVIDIA AI Enterprise software. The new AI data center is designed to accelerate generative AI adoption for enterprises across industries.</p> 
<p>SMCI’s liquid-cooled systems, featuring NVIDIA’s Blackwell GPUs, deliver significantly improved AI performance and cost savings. In premarket trading, the stock price was $790.83 per share, up 2.5%. Super Micro Computer’s continued innovation in AI solutions, especially with enhanced performance metrics and cost efficiency, positions it as a leader in the AI hardware market.</p> <iframe src="https://tokenist.substack.com/embed" width="100%" height="320" style="border:1px solid #EEE; background:white;" frameborder="0" scrolling="no"></iframe> 
<p><em>Disclaimer: The author does not hold or have a position in any securities discussed in the article.</em></p> 
<h3 id="br"><br></h3> 
<p>The post <a rel="nofollow" href="https://tokenist.com/stocks-to-watch-today-hpe-avgo-and-smci/">Stocks to Watch Today: HPE, AVGO, and SMCI</a> appeared first on <a rel="nofollow" href="https://tokenist.com">Tokenist</a>.</p>

Stocks to Watch Today: HPE, AVGO, and SMCI

Table of Contents

Tokenist

Other articles published on Jun 5, 2024

Notcoin Makes History With Exponential Rally, ETH Whales Bet on Algotech (ALGT) as Next Moonshot

Money20/20: Digital euro is highly likely, says ECB’s Evelien Witlox

Coinbase Files New Document Claiming SEC’s Actions Aimed At Crushing Crypto

MoonBag Crypto Steals the Spotlight from Internet Computer & Chainlink with 15000% ROI

Solana Price Forecast: As SOL Rockets Past $170, Could $200 Target Be Next?

Presale Alert: MoonBag Coin Outshines Arweave and Slothana – Which Crypto Deserves Your Investment?

Join our free newsletter for daily crypto updates!