15 AI News That Broke The Internet

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11. HP Inc. (NYSE:HPQ)

Number of Hedge Fund Holders: 42

HP Inc. (NYSE:HPQ), a technology company, specializes in personal computing and printing solutions. On December 3, DBS analyst Jim Hin Kwong Au initiated a new “Buy” rating on HP (HPQ) and a $44 price target. Looking at the company’s current and future prospects, the analyst highlighted that the company has shown a modest revenue increase due to a recovering PC market, and also holds a significant market share in both global PC shipments and hardcopy peripherals.

Moreover, AI-powered PCs, including the company’s collaboration with Microsoft’s Copilot+ and AMD’s Ryzen AI chips, are further expected to strengthen its competitive position and capture a larger market share as AI penetration in PCs is poised to grow. The company is also switching to a subscription-based model which is expected to drive higher margins and more predictable revenue. The move aligns with broader industry trends and also strives to leverage emerging technologies like generative AI. The stock is also undervalued when it comes to its peers.

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