Dell, HP Shares Slump on Weak Outlooks

HP, Dell's weak forecasts spark share selloff, doubts over PC market recovery
(Reuters) -Shares of Dell and HP fell on Wednesday after the personal computer makers issued forecasts that cast doubt on a market recovery driven by artificial intelligence-enabled PCs. Dell tumbled 11%,
Dell And HP Shares Drop 12% After Worse-Than-Expected Forecasts
Dell indicated the AI market was a “robust opportunity,” despite the company’s COO warning its AI business would “not be linear.”
Dell, HP Shares Slump on Weak Outlooks as PC Upgrades Slow to Materialize
Dell Technologies and HP are both waiting for consumers to upgrade their personal computers, which is dragging on their sales for the time being. Shares of both tech companies slumped in late trading.
Dell, HP shares fall up to 10% in extended trading after disappointing quarterly sales
Dell shares fell about 10% in late trading after closing at $141.74 in New York. The stock had gained 85% this year through Tuesday’s close. HP shares declined about 8% after closing at $39.10. HP stock had increased 30% this year.
Dell, HP post disappointing quarterly sales as global PC market recovery stalls
While signs of a global PC market rebound began to materialise this year, shipments again dipped in the third quarter, according to IDC.
Inflation in focus, Dell & HP fall after earnings: Yahoo Finance
Investors are trading on the October PCE report, also known as the Fed’s preferred inflation gauge. It will be the last PCE reading the central bank gets ahead of its December meeting. Earnings are also in focus,
HP Gives Lackluster Profit Outlook on Slow PC Market Recovery
HP Inc. gave an outlook for profit in the current quarter that fell short of estimates, suggesting a setback in the personal computer market’s recovery from a yearslong slump.
HP Stock Tumbles After Earnings Report As Outlook Shows 'Coast Not Clear' For PC Market
HP stock tumbled after the tech company gave lower-than-expected profit guidance for its upcoming quarter HP Inc (HPQ) Q4 2024 Earnings Call Highlights: Strong Revenue Growth and Market Share Gains
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