5 Tech Stocks to Buy Now According to Billionaire Warren Buffett

3. HP Inc. (NYSE:HPQ)

Berkshire Hathaway’s Stake Value: $3,424,725,000

Percentage of Berkshire Hathaway’s 13F Portfolio: 1.14%

Number of Hedge Fund Holders: 35

Palo Alto, California-based HP Inc. (NYSE:HPQ) is a leading global provider of personal computing and other access devices, imaging and printing products, and related technologies, solutions, and services. It has operations in 170 countries and boasts 250,000 channel partners.

As of Q2 2022, Warren Buffett’s Berkshire Hathaway holds 104,476,035 shares of HP Inc. (NYSE:HPQ), accounting for 1.14% of the fund’s 13F portfolio. The stock was added to the fund’s portfolio in the previous quarter and ranks #3 on the list of 10 tech stocks to buy now according to billionaire Warren Buffett based on the portfolio weight.

In August, HP Inc. (NYSE:HPQ) released the financial results for the quarter ended July 31, 2022. Its net revenue declined by 4% y-o-y to $14.7 billion, while its net income increased by 1% y-o-y to $1.1 billion, for the three months. It reported a normalized EPS of $1.04 for the quarter, narrowly beating the consensus by $0.01.

Also in August, HP Inc. (NYSE:HPQ) completed the previously announced acquisition of Poly, a leading global provider of workplace collaboration solutions, in an all-cash transaction implying a total enterprise value of $3.3 billion. The acquisition is expected to strengthen HP’s hybrid work solutions offerings.

As of Q2 2022, 35 of the 895 hedge funds tracked by Insider Monkey held HP Inc. (NYSE:HPQ) shares, valued at a combined total of $3.7 billion.