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00:02Hewlett-Packard Enterprise shares fell about 6% in Monday pre-market trading
00:07as investors pulled back from technology and other higher-risk stocks.
00:11Nasdaq futures fell by 1.65%, while S&P 500 futures slipped by 0.75%.
00:19HPE joined a broader sell-off in AI-linked technology companies
00:23as investors reassessed the outlook for AI infrastructure spending.
00:28The Financial Times reported that calls to slow AI development over safety concerns
00:32have raised questions about future capital spending.
00:36HPE sells AI servers, networking products, and other data center infrastructure.
00:40The stock remains above its major moving averages,
00:43including its 50-day average of $51.11.
00:47Analysts have a buy consensus rating and an average price forecast of $69.18.
00:52HPE shares were down 6.10% at $58.30 in pre-market trading, according to Benzinga Pro.
01:00For all things money, visit Benzinga.com.
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