Hewlett Packard Enterprise Shares Tumble as US Tariffs Hurt Forecast
Shares of Hewlett Packard Enterprise fell 13% on Friday, after the AI-server maker said its annual profit forecast would be hit by U.S. tariffs in an intensely competitive market. HPE's comments show tariffs are already affecting U.S. companies, and analysts have said trade war uncertainties could cause prices to rise, including in technology and autos sectors. The company is planning to mitigate these impacts through supply-chain measures and pricing actions.
- This move highlights the vulnerability of large corporations to global economic fluctuations, particularly in industries heavily reliant on international supply chains.
- What strategies can companies like HPE implement to build resilience against future trade disruptions, and how might this impact their competitiveness in the long-term?