Drops

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<p class="has-drop-cap">HP’s (NYSE: HPQ) stock has been significantly impacted by <a href="https://finance.yahoo.com/news/dell-reports-sales-miss-estimates-210925855.html" target="_blank" aria-label="weaker-than-expected performance in its PC sales division (opens in a new tab)" rel="noopener noreferrer nofollow" class="deco-link">weaker-than-expected performance in its PC sales division</a>. Despite a modest increase in unit sales, HP fell short of analyst expectations, reflecting broader challenges within the global PC market.</p>
<p>As the industry grapples with a stalled shipment recovery and the slow uptake of AI-optimized machines, HP’s financial outlook remains under pressure. This situation has affected HP and other major players in the sector, such as Dell (NASDAQ: DELL), which similarly reported disappointing revenue figures.</p>
<h3 id="hp-dell-report-weak-pc-sales">HP, Dell Report Weak PC Sales</h3>
<p>HP’s recent financial performance has been hampered by a sluggish PC market, which has seen a decline in global shipments during the third quarter. Although HP’s PC unit sales rose by 2% to $9.59 billion, this growth was insufficient to meet analysts’ average estimates.</p>
<p>The broader market’s tepid recovery has been exacerbated by the underwhelming demand for <a href="https://tokenist.com/dell-stock-climbs-amidst-ai-innovations-and-market-optimism/" rel="noopener noreferrer nofollow" class="deco-link">new AI-optimized machines</a>, which have yet to make a significant impact on sales.</p>
<p>As a result, HP’s personal systems sales have been a notable drag on its fiscal fourth-quarter results, contributing to a weaker-than-expected earnings outlook for the period ending in January.</p>
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<h3 id="hp-stock-price-plunges-on-weak-pc-sales">HP Stock Price Plunges on Weak PC Sales</h3>
<p>HP’s stock price has experienced <a href="https://tokenist.com/investing/what-is-beta-in-stocks/" rel="noopener noreferrer nofollow" class="deco-link">notable volatility</a> in recent days, reflecting investor concerns over the company’s financial health and future prospects. After closing at $39.10, HP shares declined by approximately 10%, settling at a current price of $35.90 at the time of writing (6:28 AM EST).</p>
<p>This drop follows a <a href="https://tokenist.com/stocks-to-watch-today-hpq-and-bby-soar-crm-stumbles/" rel="noopener noreferrer nofollow" class="deco-link">period of substantial growth earlier in the year</a>, during which the stock had increased by 30%. The recent price movements include a high of $35.16 and a low of $34.18, with a 52-week range spanning from $29.46 to $44.11.</p>
<p>Dell has also reported a decline in its PC business revenue by 1% to $12.1 billion, missing revenue estimates and causing its shares to fall by about 10%. Before this decline, Dell’s stock had seen an impressive 85% increase this year, highlighting the volatility and sensitivity of the market to earnings reports.</p>
<p>Dell’s infrastructure unit, however, showed a robust 34% increase in sales, driven by $2.9 billion in AI-optimized servers. Despite this, Dell’s total revenue of $24.4 billion still fell short of analysts’ expectations, mirroring the broader sector’s struggles.</p> <iframe src="https://tokenist.substack.com/embed" width="100%" height="320" style="border:1px solid #EEE; background:white;" frameborder="0" scrolling="no"></iframe>
<p><em>Disclaimer: The author does not hold or have a position in any securities discussed in the article.</em></p>
<h3 id="br"><br></h3>
<p>The post <a rel="noopener noreferrer nofollow" href="https://tokenist.com/hp-stock-drops-amid-weak-pc-sales-market-challenges/">HP Stock Drops Amid Weak PC Sales, Market Challenges</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://tokenist.com">Tokenist</a>.</p>

HP Stock Drops Amid Weak PC Sales, Market Challenges

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