AI Boom Drives Major Growth for Tech Giants Dell, HPE, and More
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JPMorgan analyst sees major growth opportunities for IT hardware companies related to AI, with a "windfall moment" as AI drives increased demand.
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Hewlett Packard Enterprise (HPE) is benefiting from demand for AI servers and made a strategic $14B acquisition of Juniper Networks to expand in networking.
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Arista Networks provides the networking infrastructure for AI and machine learning workloads and is poised to grow AI-related revenue to $2B by 2027.
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Dell Technologies is seeing strong growth in its servers optimized for AI workloads and is positioned to benefit on both the datacenter infrastructure side and endpoint devices.
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Together the AI opportunity across servers and PCs for Dell could represent nearly 50% of total company earnings by 2027 per JPMorgan.