:max_bytes(150000):strip_icc()/GettyImages-18981310631-43d8c1e579474c9aa30bde0b7f788ddb.jpg)
Key Takeaways
- Hewlett Packard Enterprise will host its AI Day event on Thursday with a webcast beginning at 1:45 p.m. Eastern Time.
- Analysts expect the company to highlight developments in large-scale computing and liquid cooling.
- HP Enterprise could benefit from the demand for cooling technology to support data centers powering artificial intelligence, said Bank of America analysts.
Hewlett Packard Enterprise (HPE) will kick off its AI Day event at 1:45 p.m. Eastern Time Thursday, with a webcast featuring CEO Antonio Neri, CTO Fidelma Russo, and others.
Bank of America analysts expect the artificial intelligence (AI) server maker to focus on its liquid cooling technology and the manufacturing and deployment of large-scale AI systems at the event. Larger, more dense data centers require liquid cooling to maintain their temperature and the demand for powerful AI server racks is growing noted the analysts.
“As computing moves to larger scale clusters, we expect HPE to benefit from their unique history to deploy large scale systems at scale,” the analysts said in a note Tuesday, adding that with “the projected power demands of Nvidia's (NVDA) next gen AI chips, liquid cooling will become a definite need within the industry."
Bank of America maintained its "buy" rating and a price target of $24, about a 15% premium over Wednesday’s intraday price of $20.78. Shares of HP Enterprise have gained more than 22% since the start of the year.