Reported 10 months ago
Shares of HP and Dell plummeted following their disappointing forecasts, raising doubts about the recovery of the PC market influenced by AI. Dell's stock dropped 11% after projecting lower-than-expected quarterly revenue, while HP saw a 5% decline due to profit projections that fell short of analyst estimates. The traditional demand for PCs has weakened since the pandemic, and while AI-powered PCs show interest, mass adoption has not yet occurred, leading to concerns about a slow transition to Windows 11 and the impact of upcoming Nvidia AI chips.
Source: YAHOO