Personal-computer makers have had a rough go in the postpandemic era, but Citi Research is now feeling more optimistic about the potential for HP Inc. shares.
“Commentary from the supply chain has been positive, with positive demand indicated ahead, and with inventory digestion completed and restocking to support seasonal buying patterns,” Merchant wrote.Further, she noted that third-party data indicate HP is improving its market-share trends.
Plus, there’s a compelling longer-term opportunity related to artificial-intelligence, especially as Microsoft Corp. continues to push AI offerings like Copilot.
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