HP Inc (0J2E.IL)
| Previous close | 17.68 |
| Open | 17.84 |
| Bid | 0.00 x N/A |
| Ask | 0.00 x N/A |
| Day's range | 17.38 - 17.84 |
| 52-week range | 17.38 - 28.44 |
| Volume | |
| Avg. volume | 4,596 |
| Market cap | N/A |
| Beta (5Y monthly) | N/A |
| PE ratio (TTM) | N/A |
| EPS (TTM) | N/A |
| Earnings date | N/A |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | N/A |
| 1y target est | N/A |
- Yahoo Finance
Remember, the AI stock bubble will overinflate and deflate from time to time
A few reasons for caution as the AI trade keeps getting hotter.
- Yahoo Finance
HP CEO: PC demand remains a challenge, though AI computers are coming
HP missed estimates on its first quarter revenue as the PC market continues to struggle.
- Yahoo Finance Video
HP sees PC slump persist, but CEO expects AI to change that real soon
HP Inc. (HPQ) reported first-quarter adjusted earnings per share of $0.81, which was in line with estimates. Revenue, however, fell short, $13.2 billion compared to an estimate of $13.58 billion. The ongoing sluggishness in the PC market weighed on the company's results. HP CEO Enrique Lores told Yahoo Finance Executive Editor Brian Sozzi that he does expect PC sales to grow in 2024, with the second half of the year being stronger than the first. What's driving the PC slowdown? Lores says, "What we have seen is that demand has slowed down. I think it's driven by the cautiousness that we see in corporate customers." Lores, however, strikes an optimistic tone looking forward, arguing that he expects "recovery on the commercial side and also a strong seasonal performance on the consumer side." Watch the video above to hear Lores has to say about how AI will impact HP's business going forward. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Stephanie Mikulich.
