Hewlett Packard Enterprise (HPE) is benefiting from AI in a big way. The tech company saw its stock soar after reporting better-than-expected second quarter results and issuing upbeat third quarter and full-year guidance. The company's CEO, Antonio Neri, tells Yahoo Finance's Brian Sozzi, "the market is finally waking up to the idea that HPE has a big role to play in AI."

However, the company that has seen the biggest boom from generative AI is Nvidia (NVDA). The tech giant saw its market cap surpass $3 trillion for the first time. It comes after CEO Jensen Huang told Yahoo Finance that customers aren't waiting for the next-generation AI platforms; they are still snapping up what they can from the company.

Neri says that Nvidia is "changing the world with an amazing innovation, obviously, that the company and Jensen himself have been driving for more than two decades." Neri adds, "I think we're all a little bit surprised about the advancement of generative AI from the algorithm perspective, but from the silicon perspective, I'm not surprised at all."

Be sure to watch the full interview with HPE CEO Antonio Neri. For more expert insight and the latest market action, click here to watch this full episode of Market Domination.

This post was written by Stephanie Mikulich.

Video Transcript

Since you work so closely with NVIDIA, you know?

You know Jensen, um, for for a while I imagine how important is that company to the the A. I build out around the world because all we hear about media land is, uh, maybe there's an a I bubble.

Uh, they can't get off chips out.

We see a MD doing chips.

But just from an NVIDIA perspective, like, how important are they?

I think they are changing the world with an amazing innovation, obviously, that the company and Jensen himself have been driving for more than two decades.

You know, when you hear him talking about it, right, it has taken him personally two decades to get where we are today.

I think we're all a little bit surprised about the advancement of generative A i from the algorithm perspective.

But from the silicon perspective, I'm no surprise at all.

And so I think you know, together with company like us, we will change the world for better in my mind.

And HP has unique value to bring to the table through our expertise of decades.

You know, deploying a I, a scale to our services organisation to the ability to build this system.

Brian So HP today is one of the largest companies that has the water cool, uh, infrastructure to build the system.

It's not just cooling the systems, but to build the systems.

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You need a lot of water capacity and power to build.

It has one of the largest footprint.

So Jensen understands that, but ultimately it is how we engineer solutions in a way that is easy to deploy.

And this is gonna come down to the experience, not just the system performance and the sustainability of the systems and the return on invested capital.

But it's gonna be that experience and enterprises need a simplified experience to deploy this amazing technology, which is gonna change the world forever.