HPE CFO Says AI Demand Is Still in 'Early Innings' Despite $1.2B Deal

HPE CFO Marie Myers believes that AI demand is still in its early innings, despite a $1.2 billion deal with Vultr, a cloud infrastructure provider.

The company's investor day revealed a strong outlook for networking revenue, with a forecast of a high-teens compound annual growth rate through fiscal 2029.

Myers credits the acquisition of Juniper Networks with repositioning HPE in the data center market and enabling the company to take on larger players like Cisco and NVIDIA.