HP stock falls despite solid results, vow to ship AI PCs in second half of 2024

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HP Inc.’s stock initially dipped more than 3% in extended trading Tuesday after the computing giant reported generally solid results and vowed to introduce its first AI-powered PCs in the second half of 2024.

“It was a tough year… but we are on track to deliver AI PCs next year [in the second half of 2024] that should be a catalyst for PC expansion,” HP Chief Executive Enrique Lores said in an interview. He said the company has not seen any impact on holiday sales from the conflict in the Middle East.


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