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What's Going On With Hewlett Packard Stock Wednesday?
Benzinga·
Hewlett Packard Enterprise (HPE) rose nearly 4% on Wednesday as investors rotated back into technology hardware stocks. The gain was driven by news that Vultr selected HPE and NVIDIA to power its next-generation AI cloud infrastructure. HPE stock trades at 12.6% above its 20-day moving average with a consensus Buy rating and average price target of $69.69, though near-term momentum has weakened according to MACD indicators.
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