Episode 43: Warren Buffett’s Bad Tech Stock Pick (HPE), and PureStorage Keeps Growing Where Others Are Declining

Warren Buffet’s tech stock pick of HP (HPQ) seemed like it was a good play on the consumer tech market when we all were buying PC’s and printers while working from home in 2020 and 2021. The party looked like it may never end with workers fighting to keep the work-from-home hoorah alive. Fast forward to 2023 and many workers are back in office, at least part-time, and we are all spending a whole lot less on electronics. What would have been the better buy? Enter HPE, Hewlett Packard Enterprise. We take a look at how this server company has been, and could continue, to be the better play for the long term. Also, Oracle’s Larry Ellison said this week that Berkshire Hathaway Energy is transitioning more work to Oracle Cloud, illustrating the long runway of growth still ahead for the industry. And speaking of the cloud, Pure Storage provides data storage for businesses. But unlike the old hard disk drives of old, this company provides all-flash array systems that are faster, smaller, and more durable. How does Pure Store out-play the competition? All in this episode of Chip Stock Investor! Content in this video is for general information or entertainment only and is not specific or individual investment advice. Forecasts and information presented may not develop as predicted and there is no guarantee any strategies presented will be successful. All investing involves risk, and you could lose some or all of your principal. Nicholas and Kasey Rossolillo own shares of PureStorage.