Wednesday, October 9, 2024

AI infrastructure drives Broadcom, HPE progress within the quarter

Cloud repatriation developments communicate to enterprise AI consumption preferences

IT heavy-hitters Broadcom and HPE each introduced quarterly monetary outcomes this week, and each companies reported progress fueled by enterprise funding into AI infrastructure and attendant methods. 

Broadcom, contemporary off the heels of the VMware Discover occasion that centered on cloud repatriation within the AI period, noticed Q3 income up 47% from the year-ago interval to greater than $13 billion. 

CEO Hock Tan stated in a press release the outcomes “replicate continued power in our AI semiconductor options and VMware. We count on income from AI to be $12 billion for fiscal yr 2024 pushed by Ethernet networking and customized accelerators for AI knowledge facilities.” 

Learn this story for commentary from a Broadcom exec on the outlook for Ethernet, versus NVIDIA’s InfiniBand, for AI infrastructure networking. Broadcom’s full monetary outcomes can be found right here. 

HPE reported 10% year-over-year quarterly web income progress to $7.7 billion propped up by a 39% quarter-over-quarter “pushed by AI methods income,” the corporate stated in a monetary presentation. 

HPE seems to be throughout its portfolio at AI, together with its NVIDIA-enabled HPE Personal AI resolution, the combination of NVIDIA NIM Agent Blueprints into the HPE Personal Cloud AI resolution, bringing AI-enabled community detection and response capabilities into Aruba Networking merchandise, and an AI Operations Copilot multi-vendor cloud observability and operations. 

HPE CEO Antonio Neri stated in a press release that the “robust third quarter…replicate[s] our momentum in delivering on our edge-to-cloud technique throughout networking, hybrid cloud, and AI. We now have pushed significant innovation all through our portfolio, which will increase our relevancy with clients and positions us to proceed to ship worthwhile progress for shareholders.” 

HPE’s full Q3 earnings launch is accessible right here. 

Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest Articles