March 9 (Reuters) – Hewlett Packard Enterprise forecast second-quarter revenue above Wall Street estimates on Monday, betting on growing demand for its artificial intelligence-powered servers that are equipped with Nvidia’s chips.
The company expects quarterly revenue to be between $9.6 billion to $10.0 billion, above the analysts’ average estimate of $9.58 billion, according to data compiled by LSEG.
Big Tech firms like Alphabet, Microsoft, Amazon and Meta are expected to spend at least $630 billion to build AI infrastructure this year, which would boost demand for server and data center equipment from vendors such as Dell, HPE and Super Micro Computer.
HPE’s total revenue for the first quarter rose around 18% to $9.30 billion, compared with estimates of $9.33 billion.
(Reporting by Jaspreet Singh in Bengaluru; Editing by Alan Barona)
