AI server and network demand soars, but supply chain woes persist; HPE’s Q3 earnings beat expectations yet still trigger after-hours turmoil

Financial Associated Press APP has learned that after the US market closed on Wednesday, Hewlett Packard Enterprise (HPE.US) announced its financial results for the third fiscal quarter ended July 31. Benefiting from strong demand for artificial intelligence (AI)-related servers and networking equipment, the company's revenue and profit both exceeded market expectations, and it significantly raised its performance outlook for this fiscal year and the next. However, as management warned that supply constraints are still limiting growth, HPE's share price once fell by more than 8% in after-hours trading.