David Einhorn Is Betting on HP (HPQ) Stock
HP(HPQ) InvestorPlace·2024-04-25 01:49
Hedge fund manager David Einhorn believes artificial intelligence (AI) can help computing hardware provider HP (NYSE:HPQ) out of its sideways consolidation. Putting a stake into the thesis, the market expert believes that the AI narrative has yet to translate to a higher price for HPQ stock.In a letter, Einhorn wrote that HP “stands to benefit from AI, which we believe is not reflected in the current stock price.” Notably, the hedge fund manager emphasized a baseline case for HPQ stock. “We believe that we ...