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HPE's $7.6 Billion AI Backlog Is Waiting on Memory Supply to Catch Up

The company's enterprise and government customers are driving a surge in AI orders.

  • HPE's $7.6 billion AI backlog depends on memory and storage supply
  • Q3 revenue grew 34% to $12.2 billion, adjusted earnings 152% to $1.11/share
  • Memory and storage shortages may create significant investment potential for HPE

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