HP Stock Jumps on Solid Earnings, Optimism for AI-Powered PCs
HP(HPQ) Investopedia·2024-05-31 00:38
Key TakeawaysHP shares jumped Thursday, a day after it reported second-quarter earnings that included growth in its PC sales.The company previously said that it believes it will benefit from the artificial intelligence (AI) era, as it has already announced a lineup of AI-powered PCs.CEO Enrique Lores said in Wednesday's earnings call that HP projects consumer adoption of its AI PCs to be modest in the second half of 2024, but rise significantly over the next three years. Shares of HP Inc. (HPQ) surged Thurs ...