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Hewlett Packard Enterprise's server business grew 5.6% in Q2, driven by AI deals and growth in AI systems. The company expects Q3 revenues to rise in mid-teens and fiscal 2025 server revenues to grow in low double digits. HPE's AI server business is driven by enterprises deploying compute-heavy infrastructure and AI factory proliferation. The company's ProLiant Gen 12 server platform is a massive upgrade, strengthening its competitive position in the server market.

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