Nvidia Gains, Dell Rises, Hewlett Packard Enterprise Falls After Defense Contract
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Show Notes
On this episode of Stock Movers:
- Nvidia (NVDA) shares and the broader market are pacing ahead, despite an earlier report that Chinese regulators blocked ByteDance from using its chips in new data centers. While the company has plenty of demand to offset lost Chinese revenue for now, it remains a lingering headwind longer-term.
- Dell (DELL) shares rise after the company raised its annual projections for the AI server market due to sustained demand for machines needed in the current data center boom.
- Hewlett Packard Enterprise (HPE) shares fall after announcing that the Defense Information Systems Agency, a combat support agency of the Department of War, has awarded the company with Production Other Transaction Authority.
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