HP drops after expecting contraction in PC market volumes
BUZZ-HP drops after expecting contraction in PC market volumes ** Shares of PC and printer maker Hewlett Packard HPQ.N fall 3.8% to $33.10
** Co expects industry-wide PC unit volumes to decline by a mid-single-digit percentage in 2027 vs 2026
** HPQ declines to provide financial guidance for fiscal 2027
** HPQ leading loser on the S&P 500 .SPX index at midday
** Including session moves, stock up 48.5% YTD
(Reporting by Darshan Kumar in Bengaluru)
Recent news on HP
See all newsAI stocks reel after tech giants' spending binge rattles investors
Amazon burns cash, Intel flags weak PC demand as AI boom's costs ripple across markets (updated)
Factbox: Companies cutting jobs as investments shift toward AI
Factbox: Companies cutting jobs as investments shift toward AI
S&P 500 top and bottom performing stocks at about 03:30 p.m. EDT