PC Market Struggles as AI Adoption and Demand Wane
TL;DR Summary
The S&P 500 fell 0.4% as inflation concerns rose following a slight increase in the PCE index. Shares of PC makers HP and Dell dropped significantly due to mixed earnings and slow AI adoption, while Ulta Beauty gained on expectations of reduced competitive pressure. Texas Pacific Land Corp. and Ulta Beauty were among the top performers, while Autodesk shares fell despite strong earnings due to a CFO transition. VeriSign renewed its ICANN deal, but awaits a more impactful agreement with the Department of Commerce.
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- Dell Reports Sales That Miss Estimates on Setback for PC Market Bloomberg
- HP Stock Tumbles After Earnings Report As Outlook Shows 'Coast Not Clear' For PC Market Investor's Business Daily
- HP forecasts Q1 profit below estimates on sluggish demand in PC market Reuters
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