Refile: BUZZ-PREVIEW-HPE shares slide as investors eye AI demand
REFILE-BUZZ-PREVIEW-HPE shares slide as investors eye AI demand Removes dateline and fixes typo in first bullet
** Hewlett Packard Enterprise HPE.N shares falling 1.3% on Wed ahead of quarterly results after the bell, with focus on demand for its AI-optimized servers
** Rival Dell's DELL.N shares up 7% after it late on Tuesday raised its revenue and profit forecasts, helped by demand for its AI servers
** Analysts expect HPE quarterly revenue to rise 30% to $11.91 bln and adj. EPS of $0.93 vs $0.44 a year ago - LSEG data
** In the prior quarter, HPE beat estimates and raised its full-year outlook, citing strong demand in its networking and AI segments
** Stock has jumped ~109% YTD vs a 12% rise for the S&P 500 .SPX
** Stock recently traded at 13x forward earnings, vs its five-year avg. of 9x - LSEG data
(Reporting by Noel Randewich)
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