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.
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HP Inc.: Here Comes The Generative AI Supercycle