Hewlett Packard Enterprise shares fell sharply after Evercore ISI downgraded the stock, citing stretched valuations following a powerful rally. While HPE's AI infrastructure growth remains intact, the brokerage sees fewer near-term catalysts to support further gains without stronger earnings growth.
HPE valuation under pressure: What’s behind the stock selloff?
Hewlett Packard Enterprise shares fell sharply after Evercore ISI downgraded the stock, citing stretched valuations following a powerful rally. While HPE's AI infrastructure growth remains intact, the brokerage sees fewer near-term catalysts to support further gains without stronger earnings growth.
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