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HPQ - HP Inc.: Here Comes The Generative AI Supercycle
HP Inc.
2024-05-30 07:00:00 ET
Summary
HP Inc. reported modest PC revenue growth alongside continued pressures in the printing business in its recent quarter.
The company is expected to ship generative AI computer products as early as next month, which could lead to vastly different financial results for the rest of the year.
HPQ stock is trading at just 10x earnings while having the potential for a generative AI supercycle. I reiterate my buy rating.