Shares of HPE rose nearly 6% in premarket trading as demand for the company’s artificial-intelligence servers and hybrid cloud segment helped it beat estimates for second-quarter revenue and profit. Other chipmakers including Broadcom and Advanced Micro Devices also climbed. Washington doubled its tariffs on steel and aluminum imports on Wednesday, which is also the target Trump had set for trading partners to make their best offers to avoid other punishing import levies from taking effect in early July.Read More
