Hewlett-Packard Enterprise (HPE) Unveils Upgraded Aruba Networking Portfolio for the AI Era

We recently published a list of 10 AI Stocks on Wall Street’s Radar. In this article, we are going to take a look at where Hewlett-Packard Enterprise Company (NYSE:HPE) stands against other AI stocks on Wall Street’s radar.

On May 28, Hewlett-Packard Enterprise Company (NYSE:HPE) announced expansions to its HPE Aruba Networking wired and wireless portfolio, as well as the new HPE Aruba Networking CX 10K distributed services switches. Hewlett Packard Enterprise Company (NYSE:HPE), an American multinational technology company, provides high-performance computing systems, AI software, and data storage solutions for running complex AI workloads.

The HPE Aruba Networking doubles the performance capabilities of widely-deployed data center distributed services switches. These innovations are designed to improve performance, cut costs, and support the growing needs of different types of high-performance computing.

Hewlett-Packard Enterprise (HPE) Unveils Upgraded Aruba Networking Portfolio for the AI Era

A woman programmer in a modern office working with multiple computer servers.

According to Phil Mottram, EVP and general manager of HPE Aruba Networking, the innovations announced by HPE tend to “simplify data center and overall server connectivity at ten times the scale and performance and one-third the cost of traditional enterprise solutions.”

Some of the latest advances announced by the company include the HPE Aruba Networking CX 10040 smart switch, the HPE Aruba Networking CX 6300 series campus switches, new Wi-Fi 7 access points, Application-aware networking across campus switches, and more.

“Data-fueled AI, IoT, and other high-performance applications are driving unprecedented demands for enterprises to provide cost-effective connectivity, no matter where devices and users are or how they access the network. HPE is again raising the bar with innovations that simplify data center and overall server connectivity at ten times the scale and performance and one-third the cost of traditional enterprise solutions.”

-Phil Mottram, EVP and general manager, HPE Aruba Networking.

Overall, HPE ranks 9th on our list of AI stocks on Wall Street’s radar. While we acknowledge the potential of HPE as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than HPE and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey.