HP falls 8.8% after Intel warns of prolonged PC demand slump
FROM THE WIRE · FINANCE.YAHOO.COM
What happened? Shares of personal computing and printing company HP (NYSE:HPQ) fell 8.8% in the morning session after Intel warned of a prolonged slump in personal computer demand and forecast steep declines in global shipments. In prepared remarks accompanying its earnings…
Read at the source ↗MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishA projected prolonged decline in global PC shipments weighs on PC makers and the semiconductor supply chain.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01HP shares fell 8.8% in the morning session after Intel warned of a prolonged PC demand slump.
- 02Intel's CEO projects global PC shipments to fall 12% in 2026 and 10% in 2027.
- 03Preliminary IDC and Counterpoint data show Q3 global PC shipments fell between 20.1% and 21% year-on-year.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
HP Inc.28.78 USDMarket closedtoday -9.58%Negative Intel Corp.65.76 USDMarket closedtoday -28.58%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets