Ultime notizie per Wipro (NYSE:WIT) Azioni

Wipro

Wipro is a leading global IT services provider, with 175,000 employees. Based in Bengaluru, this India IT services firm leverages its offshore outsourcing model to derive over half of its revenue (57%) from North America. The company offers traditional IT services offerings: consulting, managed services, and cloud infrastructure services as well as business process outsourcing as a service.

Wipro Ltd

ISH MSCI WORLD I ETF

WIPRO ADR REP 1 ORD

Wipro (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WIT#NYSE">WIT</a>) is set to give its latest quarterly earnings report on Thursday, 2024-10-17. Here's what investors need to know before the announcement.
Analysts estimate that Wipro will report an earnings per share (EPS) of $0.07. 
Investors in Wipro are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.
It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.
<h3>Past Earnings Performance</h3>
In the previous earnings release, the company missed EPS by $0.00, leading to a 0.0% drop in the share price the following trading session.
Here's a look at Wipro's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q1 2025</th>
<th>Q4 2024</th>
<th>Q3 2024</th>
<th>Q2 2024</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.07</td>
<td>0.07</td>
<td>0.06</td>
<td>0.07</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.07</td>
<td>0.07</td>
<td>0.06</td>
<td>0.06</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-12.0%</td>
<td>2.0%</td>
<td>17.0%</td>
<td>-1.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1729087265_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Wipro were trading at $6.38 as of October 15. Over the last 52-week period, shares are up 36.94%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/WIT/earnings">To track all earnings releases for Wipro visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings

Insights into Wipro's Upcoming Earnings

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Shares of companies within the broader technology sector are trading lower. The sector may be falling amid sympathy for overall market weakness after ASML and UnitedHealth Group reported Q3 results.

News

Wipro Signs Agreement To Subscribe For Equity Share Capital In Huoban Energy 11​

DELL

NVDA

Wipro Expands Collaboration With Dell Technologies To Enhance Enterprise AI-Ready Platform Using Dell AI Factory And NVIDIA Technology For Accelerated AI Adoption Across Cloud, Data Center, And Edge Environments

Wipro Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WIT#NYSE">WIT</a>, BSE: 507685, NSE: WIPRO)), a leading technology services and consulting company, today announced that is has been selected by the John Lewis Partnership (JLP) to transform and modernize the firm's IT infrastructure. The transformat ion project will help the UK retailer advance its industry leadership and future - proof its business to drive ongoing, sustainable growth.
As part of this engagement, Wipro FullStride Cloud will extend JLP's current cloud infrastructure, Network and End user services for another four years. The Wipro FullStride Cloud team will collaborate with JLP and Google Cloud in a strategic transformation of their X86 platform to the cloud, enabling them to unlock new business value by making them more agile, optimizing operating costs, and streamlining business operations.

Contracts

Wipro Extends Relationship with the John Lewis Partnership to Complete Cloud Transformation Project

Wipro Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WIT#NYSE">WIT</a>, BSE: 507685, NSE: WIPRO)), a leading technology services and consulting company, today announced the expansion of its strategic partnership with Google Cloud to scale its adoption of Google Cloud AI.
Using Vertex AI and Gemini models, Wipro in its project execution to clients, is equipping its workforce with generativeAI-powered tools to enhance developer productivity, accelerate cloud migrations, and deliver innovative GenAI solutions. This includes building new industry solutions utilizing Gemini models, developing joint go-to-market programs, integrating Gemini Code Assist into its own internal tooling to accelerate application development for customers, and utilizing Gemini for rapid prototyping of its own internal applications.

Tech

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Wipro Adopts Google Cloud AI Technologies Including Gemini In Expansion Of Its Strategic Oartnership

Cyble Partners With Wipro To Enhance Enterprise Cybersecurity Risk Management With AI-Driven Threat Intelligence Solutions, Combining Cyble's AI Systems And Wipro's Security Expertise

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Shares of stocks in the broader tech sector are trading lower as stocks sell off amid concerns over the US economy.

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Next Technology Holding Inc. - Ordinary Shares

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Shares of companies in the broader technology sector are trading lower amid an overall market selloff following weak US jobs data. Weakness in Amazon and Intel has also weighed on the tech sector.

Shares of Selective Insurance Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIGI#NASDAQ">SIGI</a>) fell sharply during Friday's session following <a href="https://www.benzinga.com/quote/SIGI/earnings">weak quarterly results.</a>
Selective Insurance reported quarterly losses of $1.10 per share which missed the analyst consensus estimate of $1.49 per share. The company reported quarterly sales of $1.196 billion which missed the analyst consensus estimate of $1.204 billion, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Selective Insurance Group shares dipped 14.8% to $85.40 on Friday.
Here are some other stocks moving in today&#8217;s mid-day session.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Augmedix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AUGX#NASDAQ">AUGX</a>) shares jumped 148.8% to $2.28 after the company announced it will be acquired by Commure.</li>
<li>60 Degrees Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SXTP#NASDAQ">SXTP</a>) climbed 85.7% to $0.4566 after the company signed clinical trial agreements with three planned trial sites for the Tafenoquine Babesiosis study.</li>
<li>Virpax Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRPX#NASDAQ">VRPX</a>) shares gained 70% to $2.36. Maxim Group analyst Naz Rahman upgraded Virpax Pharmaceuticals from Hold to Buy and announced a price target of $3.</li>
<li>Serve Robotics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SERV#NASDAQ">SERV</a>) gained 51.3% to $3.98 after gaining over 12% on Thursday.</li>
<li>Hawaiian Electric Industries, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HE#NYSE">HE</a>) shares rose 36.1% to $17.35 following a report suggesting the company reached a settlement plan over the Maui wildfires.</li>
<li>Autonomix Medical, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMIX#NASDAQ">AMIX</a>) gained 34% to $1.83.</li>
<li>Permianville Royalty Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PVL#NYSE">PVL</a>) rose 22.7% to $1.4601. Permianville Royalty Trust announced a cash distribution to the holders of its units of beneficial interest of $0.011000 per unit, payable on Aug. 14, 2024 to unitholders of record on July 31, 2024.</li>
<li>Power REIT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PW#NYSE">PW</a>) surged 15.4% to $0.9808.</li>
<li>NaaS Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NAAS#NASDAQ">NAAS</a>) shares gained 14.1% to $9.23 after jumping 53% on Thursday.</li>
<li>Antelope Enterprise Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEHL#NASDAQ">AEHL</a>) climbed 13.6% to $4.1001.</li>
<li>Golden Sun Health Technology Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GSUN#NASDAQ">GSUN</a>) gained 13.6% to $7.75.</li>
<li>MoneyLion Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ML#NYSE">ML</a>) gained 11.6% to $71.21. MoneyLion will release its financial results for the second quarter of 2024 on Tuesday, Aug. 6, 2024.</li>
<li>HIVE Digital Technologies Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HIVE#NASDAQ">HIVE</a>) gained 9.8% to $4.02. B. Riley Securities analyst Lucas Piper initiated coverage on HIVE Digital Technologies with a Buy rating and announced a price target of $6.</li>
<li>Intuitive Surgical, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ISRG#NASDAQ">ISRG</a>) rose 8.3% to $450.52 after the company reported better-than-expected second-quarter financial results.</li>
<li>Torrid Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CURV#NASDAQ">CURV</a>) gained 7.7% to $8.00.</li>
<li>Western Alliance Bancorporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAL#NYSE">WAL</a>) rose 7.2% to $76.16 following upbeat quarterly results.</li>
<li>Kuke Music Holding Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KUKE#NASDAQ">KUKE</a>) gained 6.7% to $1.28.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>SunPower Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPWR#NASDAQ">SPWR</a>) shares dipped 45.8% to $0.82. SunPower shares dipped 40% on Thursday following the company's announcement of a significant operational pause and a subsequent analyst downgrade.</li>
<li>Hyzon Motors Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HYZN#NASDAQ">HYZN</a>) shares fell 42% to $0.1648 after the company reported pricing of $4.5 million registered direct offering.</li>
<li>Nauticus Robotics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KITT#NASDAQ">KITT</a>) fell 30.5% to $0.0896 after the company announced a 1-for-36 reverse stock split.</li>
<li>Silo Pharma, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SILO#NASDAQ">SILO</a>) declined 26% to $2.57 as the company announced a $2.1 million registered direct offering priced at-the-market under Nasdaq rules.</li>
<li>Salarius Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLRX#NASDAQ">SLRX</a>) shares dipped 23.1% to $1.86 after jumping 59% on Thursday. Salarius Pharmaceuticals was recently notified by MD Anderson Cancer Center of a Grade 4 adverse event in the Seclidemstat clinical trial.</li>
<li>TRxADE HEALTH, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MEDS#NASDAQ">MEDS</a>) fell 19.6% to $16.80.</li>
<li>Onconetix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ONCO#NASDAQ">ONCO</a>) fell 18.1% to $0.1787 after gaining over 46% on Thursday.</li>
<li>Crown LNG Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGBS#NASDAQ">CGBS</a>) dipped 16.7% to $1.4995.</li>
<li>Plug Power Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) shares fell 16% to $2.4550 after the company announced the commencement of a $200 million public offering of its common stock.</li>
<li>Selina Hospitality PLC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLNA#NASDAQ">SLNA</a>) dipped 15.7% to $0.0477.</li>
<li>Scholastic Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCHL#NASDAQ">SCHL</a>) fell 15.4% to $30.94 following weaker-than-expected fourth-quarter results.</li>
<li>Plug Power Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) shares declined 15.4% to $2.47 after the company announced the commencement of a $200 million public offering of its common stock.</li>
<li>Corsair Gaming, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRSR#NASDAQ">CRSR</a>) dipped 14.3% to $8.32 after the company reported preliminary financial results below estimates. Also, Baird maintained a Neutral rating on the stock and lowered its price target from $14 to $10.</li>
<li>American Rebel Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AREB#NASDAQ">AREB</a>) fell 13.9% to $0.6298.</li>
<li>QXO, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QXO#NASDAQ">QXO</a>) fell 13.6% to $58.00.</li>
<li>Comerica Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMA#NYSE">CMA</a>) dipped 13.4% to $48.81 following second-quarter results.</li>
<li>Wipro Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WIT#NYSE">WIT</a>) fell 11.4% to $6.11 following first-quarter results.</li>
<li>AAR Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIR#NYSE">AIR</a>) dipped 10.6% to $65.51 following weak quarterly sales.</li>
<li>CrowdStrike Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) shares fell 10.1% to $308.48 after the company suffered major outage impacting businesses around the world.</li>
<li>Joby Aviation, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JOBY#NYSE">JOBY</a>) dipped 8.3% to $6.39.</li>
<li>Autoliv, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALV#NYSE">ALV</a>) fell 8.1% to $99.82 following downbeat quarterly results.</li>
<li>The Travelers Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRV#NYSE">TRV</a>) declined 5.6% to $208.32 following weak quarterly sales.</li>
<li>Intel Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) fell 5.5% to $32.90.</li>
<li>Visteon Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VC#NASDAQ">VC</a>) dipped 5% to $107.85.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/news/24/07/39859847/netflix-to-rally-more-than-10-here-are-10-top-analyst-forecasts-for-friday">Netflix To Rally More Than 10%? Here Are 10 Top Analyst Forecasts For Friday</a></li>
</ul>

Intraday Update

Markets

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Trading Ideas

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Why Selective Insurance Group Shares Are Trading Lower By Around 15%? Here Are Other Stocks Moving In Friday's Mid-Day Session

Wipro Ltd&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WIT#NYSE">WIT</a>) shares are trading lower after the company reported&nbsp;first-quarter results.
The company reported gross revenue of INR219.6 billion ($2.64 billion), down by 3.8% year-on-year, missing the analyst consensus estimate of&nbsp;<a target="_blank" href="https://www.wipro.com/investors/" rel="noreferrer noopener">$2.66 billion</a>.&nbsp;
EPS of 7 cents was in line&nbsp;with the <a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">analyst consensus estimate</a>.
IT Services revenue declined by 5.5% Y/Y to $2.63 billion. Adjusted constant currency IT Services segment revenue decreased by 4.9% Y/Y.
IT Services&#8217; operating margin for the quarter was 16.5%, up by 42 bps Y/Y.&nbsp;
Net income was INR30.0 billion ($360.4 million), up by 4.6% Y/Y. Operating cash flow was at INR40.0 billion ($479.0 million).
Total bookings stood at $3.28 billion, with large deal bookings worth $1.15 billion, down by 3.6% Y/Y.
Srini Pallia, CEO and Managing Director, said, &#8220;Our top accounts continued to grow, accompanied by a growth in Americas1 SMU, BFSI and Consumer sectors.&#8221;
Q2 Outlook: Wipro expects IT Services business revenue of $2.600 billion – $2.652 billion, (-1.0)% to (+1.0)% Q/Q in constant currency terms. 
<h2 class="wp-block-heading">Is WIT A Good Stock To Buy</h2>
When deciding whether to buy a stock, there are some key fundamentals investors may want to consider. One of these factors is revenue growth. Buying a stock is essentially a bet that the business will continue to grow and generate profits in the future.
Wipro has reported average annual revenue growth of 6.73% over the past 5 years. .
It's also important to pay attention to valuation when deciding whether to buy a stock. Wipro has a forward P/E ratio of 24.04. This means investors are paying $24.04 for each dollar of expected earnings in the future. The average forward P/E ratio of Wipro's peers is 23.41.
Other important metrics to look at include a company's profitability, balance sheet, performance relative to a benchmark index and valuation compared to peers. For in-depth analysis tools and important financial data, check out <a href="https://pro.benzinga.com">Benzinga PRO</a>. 
Price Action: WIT shares were down 11.8% to $6.08 at last check Friday.
Image: Shutterstock/ Sundry Photography

Equities

Guidance

Segmental Struggles at Wipro: IT Services Revenue Decline Weighs on Stock

U.S. stock futures were mixed this morning, with the Dow futures falling around 50 points on Friday.
Shares of Scholastic Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCHL#NASDAQ">SCHL</a>) fell sharply in today's pre-market trading following <a href="https://www.benzinga.com/news/earnings/24/07/39849856/scholastic-shares-fall-after-worse-than-expected-q4-results-details">weaker-than-expected fourth-quarter results.</a>
Scholastic reported quarterly earnings of $1.73 per share which missed the analyst consensus estimate of $2.66 per share. Quarterly sales came in at $474.9 million which missed the analyst consensus estimate of $552.496 million, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Scholastic shares dipped 11.9% to $32.21 in the pre-market trading session.
Here are some big stocks recording losses in today's pre-market trading session.
<ul>
<li>CrowdStrike Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) shares tumbled 19.3% to $276.99 in pre-market trading after the company suffered major outage impacting businesses around the world.</li>
<li>SunPower Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPWR#NASDAQ">SPWR</a>) shares dipped 14.6% to $1.29 in pre-market trading. SunPower shares dipped 40% on Thursday following the company's announcement of a significant operational pause and a subsequent analyst downgrade.</li>
<li>Plug Power Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) shares declined 12% to $2.57 in pre-market trading after the company announced the commencement of a $200 million public offering of its common stock.</li>
<li>HighPeak Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HPK#NASDAQ">HPK</a>) shares dipped 10.2% to $15.21 in pre-market trading.</li>
<li>Autoliv, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALV#NYSE">ALV</a>) fell 9% to $98.83 in pre-market trading following downbeat quarterly results.</li>
<li>Riley Exploration Permian, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/REPX#NYSE">REPX</a>) shares declined 7.4% to $27.94 in pre-market trading.</li>
<li>Wipro Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WIT#NYSE">WIT</a>) fell 7.3% to $6.39 in pre-market trading following first-quarter results.</li>
</ul>
Now Read This:<a href="https://www.benzinga.com/news/earnings/24/07/39853970/dow-plunges-over-500-points-following-unexpected-surge-in-us-jobless-claims"> </a>
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<li><a href="https://www.benzinga.com/news/earnings/24/07/39853970/dow-plunges-over-500-points-following-unexpected-surge-in-us-jobless-claims">Dow Plunges Over 500 Points Following Unexpected Surge In US Jobless Claims</a></li>
</ul>

Pre-Market Outlook

REPX

Scholastic Posts Downbeat Results, Joins Beyond Meat And Other Big Stocks Moving Lower In Friday Pre-Market Session

We expect revenue from our IT Services business segment to be in the range of $2,600 million to $2,652 million&#x2A;. This translates to sequential guidance of (-)1.0% to +1.0% in constant currency terms. &nbsp;

Wipro Expects Q2 IT Services Business Segment Revenue of $2.600B-$2.652B Vs Total Revenue Consensus of $2.67B

Wipro shares are trading lower following Q1 earnings.

Earnings Misses

Wipro Q1 2025 GAAP EPS $0.07, Inline, Sales $2.631B Miss $2.661B Estimate

Wipro Limited Reported 3.9% YoY Revenue Decline In Q1

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Shares of companies within the broader technology sector are trading higher amid overall market strength as investors assess this week's inflation data.

<a href="https://www.cognizant.com/us/en">Cognizant</a>&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTSH#NASDAQ">CTSH</a>) today announced that Chief Financial Officer Jatin Dalal has reached a settlement in the non-compete lawsuit filed by Wipro Limited. The terms of the settlement, which was reached without any admission of liability by either party, are confidential. The settlement resolves all pending disputes between Mr. Dalal and Wipro.&nbsp;&nbsp;

Management

CTSH

Cognizant CFO Jatin Dalal Settles Non-Compete Lawsuit With Wipro, Terms Confidential

As of July 8, 2024, five stocks in the information technology sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi">RSI is above 70</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>. 
Here's the latest list of major overbought players in this sector.
<h3 class="wp-block-heading">Fair Isaac Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FICO#NYSE">FICO</a>)</h3>
<ul>
<li>On July 1, FICO named Nikhil Behl as executive vice president for software. &#8220;I&#8217;ve known and worked with Nikhil for many years, and during his 10 years at FICO we&#8217;ve experienced significant strengthening of our brand value, reputation with customers and regulators, strategic competitive positioning for FICO&#xAE; Scores and FICO&#xAE; Platform, and market-leading business growth,&#8221; said Will Lansing, FICO CEO. The company's stock gained around 18% over the past month and has a <a href="https://www.benzinga.com/quote/FICO">52-week high of $1,555.06</a>.</li>
<li>RSI Value: 79.67&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>FICO Price Action: Shares of Fair Isaac gained 1.4% to close at $1,551.55 on Friday.</li>
</ul>
<h3 class="wp-block-heading">Adobe Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>)</h3>
<ul>
<li>On July 1, DA Davidson analyst Gil Luria maintained Adobe with a Buy rating and increased the price target from $640 to $685. The company's stock gained around 26% over the past month and <a href="https://www.benzinga.com/quote/ADBE">has a 52-week high</a> of $638.25.</li>
<li>RSI Value: 78.76</li>
<li>ADBE Price Action: Shares of Adobe climbed 1.4% to close at $578.34 on Friday.</li>
</ul>
<h3 class="wp-block-heading">Arista Networks Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANET#NYSE">ANET</a>)</h3>
<ul>
<li>Arista Networks, said it will release its financial results for the quarter ended June 30, 2024 after the closing bell on Tuesday, July 30, 2024. The company's stock gained around 23% over the past month and has a <a href="https://www.benzinga.com/quote/ANET">52-week high</a> of $367.25.</li>
<li>RSI Value: 78.41</li>
<li>ANET Price Action: Shares of Arista Networks gained 0.2% to close at $366.14 on Friday.</li>
</ul>
<h3 class="wp-block-heading">Perficient, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRFT#NASDAQ">PRFT</a>)</h3>
<ul>
<li>On May 5, Perficient announced it will be acquired by an affiliate of BPEA Private Equity Fund VIII. The company's stock jumped around 17% over the past six months and has a 52-week high of $96.93.</li>
<li>RSI Value: 78.38</li>
<li>PRFT Price Action: Shares of Perficient fell 0.1% to close at $74.85 on Friday.</li>
</ul>
<h3 class="wp-block-heading">Wipro Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WIT#NYSE">WIT</a>)</h3>
<ul>
<li>On June 13, Wipro disclosed a strategic collaboration with Hewlett Packard Enterprise to launch a GenAI solution within the new Customer Experience Center (CEC) at the Wipro Cloud Studio&#8217;s Kodathi office. The company's stock jumped around 15% over the past month and <a href="https://www.benzinga.com/quote/WIT">has a 52-week high</a> of $6.45.</li>
<li>RSI Value: 77.68</li>
<li>WIT Price Action: Shares of Wipro closed at $6.38 on Friday.</li>
</ul>
Read More: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/07/39646161/top-3-financial-stocks-youll-regret-missing-in-q3">Top 3 Financial Stocks You&#8217;ll Regret Missing In Q3</a>

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Editor&#8217;s Note: The image and headline have been updated to clarify that the collaboration is with Hewlett Packard Enterprise.
At HPE Discover 2024, Hewlett Packard Enterprise Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPE#NYSE">HPE</a>) and Nvidia unveiled a powerful collaboration aimed at revolutionizing the <a href="https://www.benzinga.com/news/24/06/39406599/nvidia-magic-hewlett-packard-stock-continues-upward-movement-in-pre-market-after-announcing-ai-partn">enterprise AI landscape.</a>
HPE CEO Antonio Neri and NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) CEO Jensen Huan emphasized their strategic focus on positioning HPE as a leader in AI solutions for enterprise customers.
According to JPMorgan analyst Samik Chatterjee, the collaboration between HPE and Nvidia is poised to deliver significant value to enterprise customers. The strategic focus on simplifying AI adoption through comprehensive, co-developed solutions and robust support systems positions both companies favorably for future growth.
Also Read: <a href="https://www.benzinga.com/news/earnings/24/06/39405641/hewlett-packard-enterprise-accenture-and-3-stocks-to-watch-heading-into-thursday">Hewlett Packard Enterprise, Accenture And 3 Stocks To Watch Heading Into Thursday</a>
<h2 class="wp-block-heading">The New Powerhouse: HPE and Nvidia AI Solutions</h2>
HPE announced "NVIDIA AI Computing by HPE," a robust portfolio designed to simplify and accelerate AI adoption in the enterprise sector. This groundbreaking initiative integrates Nvidia's cutting-edge compute capabilities (including L40S, H100, H200, GH200, GB200) and advanced networking solutions (Spectrum-X, InfiniBand) with HPE's server and storage solutions (ProLiant, Cray), as well as HPE's GreenLake cloud services, Chatterjee noted.
The centerpiece of this collaboration, "HPE Private Cloud AI," said Chatterjee, offers a cloud-like experience with full life-cycle management for enterprise AI workloads. This includes support for inference, fine-tuning and retrieval-augmented generation (RAG), while ensuring security, transparency and governance. These are often key considerations for enterprise customers.
<h2 class="wp-block-heading">Joint Go-To-Market Efforts</h2>
Chatterjee also highlighted that HPE and Nvidia are investing heavily in joint go-to-market strategies to ensure successful market penetration. This includes AI workshops and competency programs designed to enhance skills of the sales teams and channel partners. 
Early adopters such as Deloitte, HCLTech, Infosys Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INFY#NYSE">INFY</a>), TCS and Wipro Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WIT#NYSE">WIT</a>) are already on board, highlighting the momentum behind this initiative.
<h2 class="wp-block-heading">Strategic Positioning</h2>
Chatterjee believes the partnership with Nvidia marks a significant shift for HPE, which has lagged behind competitors like Dell Technologies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) and Super Micro Computer Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) in capturing demand from Tier 2 cloud service providers. 
By combining their strengths, HPE and Nvidia aim to leapfrog the competition in the enterprise AI market.
The HPE-Nvidia alliance represents a formidable force in the enterprise AI market. These tech giants are set to redefine AI solutions for enterprise customers, offering a compelling value proposition that is hard to ignore.
Read Next: <a href="http://8 Large Cap Stocks That Outperformed Nvidia Over The Past Year">8 Large Cap Stocks That Outperformed Nvidia Over The Past Year</a>
Photo: Shutterstock

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Nvidia And Hewlett Packard Enterprise Join Forces To Dominate Enterprise AI Market: JPMorgan (UPDATED)

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