Hewlett-Packard's $ Wise and Technology (HPE)$ announced its Q3 FY2024 results on September 5, with strong performance and elevated guidance proving once again that the company has benefited greatly from the AI wave, but the market seems to be "desensitized" to this, and did not give the expected surge.However, the market seems to be "desensitized" to this and did not give the expected surge.Overall performance overviewThe company's total revenue reached $7.7 billion, up 10% year-over-year and near the top of the company's expectations.Of this, AI gave the company over 35% year-over-year growthNon-GAAP diluted EPS of $0.50, an increase of $0.01 from the same period last year, exceeding the high end of expectations.Non-GAAP gross margin was 31.8%, a de
Pricing Recession? Which Defensive Stocks Do You Pick?
Tech stocks led the decline on Tuesday, with the Nasdaq dropping more than 3%. Manufacturing activity in the U.S. contracted for the fifth consecutive month in August, with orders and production indicators accelerating their decline. Lower than expected manufacturing data raised concerns among investors about a potential recession in the U.S. economy. However, consumer staples surged, with KO, Pepsi, and PG rising around 2%. Do you have consumer staples in your portfolio? Which one do you favor?
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