HP Sees AI PCs Boosting Future Sales as Earnings Beat Estimates
TL;DR Summary
HP Inc. is experiencing a boost in PC demand due to businesses upgrading their systems ahead of Microsoft's end of support for Windows 10 in 2025 and the introduction of AI PCs. Despite a decline in printer sales, HP's personal systems segment saw growth, and the company expects AI PCs to constitute a significant portion of sales in the coming years. HP's stock rose 3% in premarket trading following the announcement of better-than-expected earnings and guidance.
- HP CEO on AI PCs and the Microsoft Windows refresh cycle Yahoo Finance
- HP Inc. Reports Fiscal 2024 Second Quarter Results HP Press Center
- HP Earnings Beat Estimates. AI’s Big Impact Will Come Next Year, CEO Says. Barron's
- HP reduces rate of sales declines while looking ahead to AI PC boom MarketWatch
- HP Reports Increased Computer Sales With Optimism Rising for AI PCs Bloomberg
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