HPE Announces $1.2 Billion Vultr AI Systems Order

Hewlett Packard Enterprise said Wednesday that cloud provider Vultr has placed a $1.2 billion order for AMD Helios AI rack systems for its U.S. data centers, giving HPE the first reported order for the platform. HPE will provide networking equipment and related services, while the deal adds a major customer to its AI infrastructure business. The order was announced as HPE raised its outlook for networking revenue at an investor event. The company expects its networking segment to grow at a high-teens to low-20s rate in fiscal 2027, and forecasts a high-teens compound annual growth rate from fiscal 2026 through fiscal 2029. HPE also projected data-center networking revenue growth at a low-to-high-50s compound annual rate through fiscal 2029. These are company forecasts, not reported results. HPE shares rose during Wednesday trading, with reports noting a gain of about 5% at one point and a new 52-week high of $67.10. The stock’s movement followed the Vultr announcement and the company’s updated networking outlook; the available reporting does not establish how much each announcement contributed to the change.