Bloomberg Talks HPE CEO Antonio Fabio Neri Talks Earnings and AI
Dec 6, 2024
HPE's impressive performance is driven by soaring demand for AI workloads and strong server sales. CEO Antonio Fabio Neri shares insights on navigating supply chain challenges and highlights the impact of a major de-booking. The anticipated acquisition of Juniper Networks promises to enhance HPE's competitive stance against Chinese rivals. Additionally, Neri discusses HPE's pivotal role in supercomputing and AI development, underscoring the broader implications for U.S. national security and market dynamics.
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HPE's Q4 Success & AI Growth
- HPE saw strong Q4 results, driven by AI and hybrid cloud.
- Their AI server business has a $3.5B+ backlog, with growing enterprise interest.
Blackwell Server Demand
- HPE's Blackwell AI servers, designed for liquid cooling, are seeing strong demand.
- Over one-third of their $3.5B AI backlog is already for Blackwell systems.
De-booking Risky Orders
- HPE deliberately de-booked $700M in orders due to concerns about risk and financing.
- They prioritized allocating supply to reliable customers with strong controls in place.