HP Stock (NYSE:HPQ), Trade Ideas

HP (formerly Hewlett-Packard) is a behemoth in the PC and printing markets. It has focused on these markets since it exited IT infrastructure in 2015 with the split from Hewlett Packard Enterprise. HP focuses on the commercial market, but maintains sales of consumer devices and printers. The firm has a broad and global customer base, with only one third of sales coming from the US It completely outsources manufacturing and relies heavily on channel partners for its sales and marketing.

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WEX Inc. files federal lawsuit against HP for infringing trademarks with their HP Wex product, causing confusion in the marketplace.

WEX Goes to Court: HP Sued for Alleged Trademark Misuse

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During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a  high dividend payout. 

Wall Street&#39;s Most Accurate Analysts&#39; Views On 3 Tech Stocks Delivering High-Dividend Yields

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Wall Street Analyst Warns Apple Stock Could Get &#39;Killed&#39; And &#39;Would Not Be Surprised If Buffett Is Selling Right Now&#39;

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HP shares are trading higher after David Einhorn's Greenlight Capital confirmed a new position in the company.

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David Einhorn's Greenlight Capital Confirms New Positions In HP Inc, Penn Entertainment

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Watching HP Inc.; Traders Circulating Unconfirmed Rumor Greenlight Has A Very Large New Position In The Co, Calls It The Future Of AI And Massively Undervalued

WEX Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WEX#NYSE">WEX</a>) filed a federal lawsuit against&nbsp;HP Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>) and Hewlett-Packard Development Company, L.P. in Maine federal&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/04/n38205015/wex-inc-files-federal-lawsuit-against-hp-to-protect-trademark-and-brand" rel="noreferrer noopener">court for infringing its trademarks</a>.
Notably, in March, HP launched its &#8220;HP Wex,&#8221; a misappropriation of WEX&#8217;s trademarks, and marketing to a customer base similar to WEX, which inevitably confuses the marketplace, as per WEX&#8217;s statement.
Jessica Roy, Vice President of Financial Communications, said, &#8220;HP&#8217;s use of the &#8220;WEX&#8221; name will inevitably sow confusion in the marketplace.&#8221;&nbsp;
&#8220;Given the similarities between the software, fleet and data management, and employee solutions offered by WEX on the one hand, and the &#8220;WEX&#8221;-branded software, fleet and data management, and employee solutions offered by HP on the other, combined with the overlapping worldwide footprint of both companies, confusion between the two WEX offerings is inevitable—and is already beginning to materialize. We have filed this action to prevent harm to our brand.&#8221;
WEX has been using the name since 1989 and formally rebranded to WEX in 2012. Noatbly, WEX said it tried to resolve this dispute amicably, but HP refused to stop using the name and therefore they filed for lawsuit.
WEX intends to seek a preliminary injunction to force HP to discontinue all further infringement of the WEX trademark immediately.
Megan K. Bannigan, Partner at Debevoise &amp; Plimpton and counsel to WEX, said, &#8220;HP&#8217;s use of the &#8220;WEX&#8221; name is already beginning to create confusion in the marketplace and will lead customers to believe that HP is either partnering with or has acquired WEX&#8217;s widely respected platform and software know-how to market HP&#8217;s new services. WEX and its customers deserve protection from the confusion HP&#8217;s actions will cause.&#8221;
Investors can gain exposure to the stock via&nbsp;BlackRock ETF Trust BlackRock Future Financial And Technology ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BPAY#NYSE">BPAY</a>) and&nbsp;Amplify ETF Trust Amplify Mobile Payments ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IPAY#NYSE">IPAY</a>).
Price Action: WEX shares are down 0.27% at $239.92 on the last check Thursday.
Photo: Courtesy of Ulf Wittrock via Shutterstock

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Shares of semiconductor and hardware stocks are trading lower amid weakness in tech as Treasury yields rise following March CPI data.

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a <a href="https://www.benzinga.com/yield-investments"> high dividend payout. </a>
Benzinga readers can review the latest analyst takes on&nbsp;their favorite stocks&nbsp;by visiting our&nbsp;<a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings&nbsp;</a>page. Traders can sort through Benzinga&#39;s extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie"> by analyst accuracy </a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the information technology sector.
<h3>Xerox Holdings Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/xrx#NYSE">XRX</a>)</h3>
<ul>
<li>Dividend Yield: 5.59%</li>
<li>JP Morgan analyst Samik Chatterjee maintained an Underweight rating and raised the price target from $16 to $18 on Jan. 26, 2024. This analyst has an accuracy rate of 68%.</li>
<li>Credit Suisse analyst Shannon Cross maintained an Underperform rating and boosted the price target from $9 to $11 on July 26, 2023. This analyst has an accuracy rate of 79%.</li>
<li>Recent News: On March 25, Xerox announced full exercise of over-allotment option for its 3.75% convertible senior notes due 2029, and completion of series of financing transactions.</li>
</ul>
<h3>Methode Electronics, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mei#NYSE">MEI</a>)</h3>
<ul>
<li>Dividend Yield: 4.60%</li>
<li>Sidoti &amp; Co. analyst John Franzreb downgraded the stock from Buy to Neutral on March 7, 2024. This analyst has an accuracy rate of 74%.</li>
<li>Barrington Research analyst Christopher Howe reiterated a Market Perform rating on May 25, 2023. This analyst has an accuracy rate of 60%.</li>
<li>Recent News: On March 7, Methode Electronics reported worse-than-expected third-quarter financial results and suspended guidance.</li>
</ul>
<h3>HP Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hpq#NYSE">HPQ</a>)</h3>
<ul>
<li>Dividend Yield: 3.64%</li>
<li>Barclays analyst Tim Long maintained an Underweight rating and raised the price target from $22 to $24 on Feb. 29, 2024. This analyst has an accuracy rate of 72%.</li>
<li>HSBC analyst Stephen Bersey upgraded the stock from Hold to Buy and boosted the price target from $30 to $33 on Feb. 14, 2024. This analyst has an accuracy rate of 64%.</li>
<li>Recent News: On Feb. 28, HP reported worse-than-expected first-quarter sales results.</li>
</ul>
&nbsp;
Read More: <a href="https://www.benzinga.com/news/24/03/37980748/agilent-shoe-carnival-and-2-other-stocks-insiders-are-selling"> Agilent, Shoe Carnival And 2 Other Stocks Insiders Are Selling</a>
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Wall Street's Most Accurate Analysts' Views On 3 Tech Stocks Delivering High-Dividend Yields

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Reuters Reported Earlier: China's Commerce Minister Wang Wentao Said He Hoped HP Would Increase Innovation And Investment In The Chinese Market

It's been a terrible year so far for Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) investors, with the company's share price down about 7% year to date, compared to the roughly 9% gain the SPDR S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) has experienced during the same period.
Commonly cited reasons for the disappointing start to the year have been fears of lower demand in China, potentially falling behind in the artificial intelligence (AI) race, regulatory pressures and low growth.
Jordan Klein, an analyst at Mizuho, sees another major risk on the horizon, warning that things could get worse for Apple.
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Klein said he "would not be surprised if [Buffett] is selling right now" and that Buffett "knows when that 13F comes out showing he started to sell, that [Apple] shares will get killed as retail investors rush for the exit."
Berkshire Hathaway Inc.'s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) most recent 13F disclosed that Buffett sold some of his Apple stock, albeit a marginal 1% of his massive position.
News of Berkshire Hathaway selling more shares could put pressure on the stock given that the company owns 5.9% of all outstanding Apple shares, representing 42.8% of its entire stock portfolio.&nbsp;
While Buffett has said that his "favorite holding period is forever," Berkshire's portfolio has experienced turnover lately.
Trending: This startup coined &#8220;eBay for gamers&#8221; with a breathtaking track record has opened up<a href="https://www.benzinga.com/money/gameflip-2"> a window to invest in its future growth</a>.
In addition to trimming its Apple stock, Berkshire exited its positions in StoneCo Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STNE#NASDAQ">STNE</a>), Markel Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MKL#NYSE">MKL</a>), Globe Life Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GL#NYSE">GL</a>), and D.R. Horton Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHI#NYSE">DHI</a>) as well as significantly trimming its stakes in HP Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>) and Paramount Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARA#NASDAQ">PARA</a>).
The D.R Horton stake in particular was built up as recently as the second quarter of last year.
Klein sees the stock as likely to lag the market until the company shares more about its AI plans, which he speculates might come as soon as June at the Worldwide Developers Conference (WWDC) developer event.&nbsp;
Dan Ives, a senior equity research analyst at Wedbush Securities, deems the situation a strong buying opportunity, giving Apple's stock a price target of $250 per share. He cites massive pent-up demand in the iPhone upgrade cycle and high expectations of "AI finally coming to Cupertino (in California)."
For <a href="https://www.benzinga.com/money/best-long-term-investments">long-term investors</a> in Apple, it's paid to ignore short-term worries and stay the course. In the past five years, the stock has seen a more than 267% gain. Meanwhile, investors fortunate enough to have bought and held since its 1984 initial public offering (IPO) would be sitting on an over 142,000% gain.
The 13Fs are due within 45 days of a quarter ending, so investors waiting for the next updates on Berkshire&#8217;s portfolio will likely need to wait until mid-May.
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<li>New homebuilding startup could be in the right place at the right time to shock real estate market &#8211; and<a href="https://www.benzinga.com/money/nilebuilt"> it sells for $5 per share</a>.</li>
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Wall Street Analyst Warns Apple Stock Could Get 'Killed' And 'Would Not Be Surprised If Buffett Is Selling Right Now'

The Nasdaq 100 closed higher by around 1.5% on Tuesday. Investors, meanwhile, focused on some notable insider trades.
When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company&rsquo;s prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision.
Below is a look at a few recent notable insider sales. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/"> Benzinga&#39;s insider transactions </a> platform.
<h3>Target </h3>
<ul>
<li>The Trade: Target Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tgt#NYSE">TGT</a>) Executive Officer Brian C Cornell <a href="https://www.benzinga.com/sec/insider-trades/"> sold a total of 45,000 shares </a> at an average price of $167.52. The insider received around $7.54 million from selling those shares.</li>
<li>What&rsquo;s Happening: On March 5, Target reported better-than-expected fourth-quarter earnings and issued FY24 outlook.</li>
<li>What Target Does: Target serves as the nation&#39;s sixth-largest retailer, with its strategy predicated on delivering a gratifying in-store shopping experience and a wide product assortment of trendy apparel, home goods, and household essentials at competitive prices.</li>
</ul>
Have a look at our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a> 
<h3>Crocs</h3>
<ul>
<li>The Trade: Crocs, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/crox#NASDAQ">CROX</a>) President Michelle Poole <a href="https://www.benzinga.com/sec/insider-trades/"> sold a total of 5,074 shares </a> at an average price of $124.98. The insider received around $634,144 from selling those shares.</li>
<li>What&rsquo;s Happening: On Feb. 15, Crocs reported better-than-expected fourth-quarter financial results.</li>
<li>What Crocs Does: Crocs Inc is engaged in the design, development, marketing, distribution, and sale of casual lifestyle footwear accessories for men, women, and children.</li>
</ul>
<h3>Cisco Systems </h3>
<ul>
<li>The Trade: Cisco Systems, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/csco#NASDAQ">CSCO</a>) EVP and CFO Richard Scott Herren <a href="https://www.benzinga.com/sec/insider-trades/"> sold a total of 13,942 shares </a> at an average price of $50.00. The insider received around $697,100 from selling those shares.</li>
<li>What&rsquo;s Happening: On March 7, BBVA and Cisco deepened their strategic alliance to accelerate digital transformation and foster innovation.</li>
<li>What Cisco Does: Cisco Systems is the largest provider of networking equipment in the world and one of the largest software companies in the world.</li>
</ul>
<h3>HP </h3>
<ul>
<li>The Trade: HP Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hpq#NYSE">HPQ</a>) Global Controller Stephanie Liebman <a href="https://www.benzinga.com/sec/insider-trades/"> sold a total of 8,708 shares </a> at an average price of $30.93. The insider received around $269,338 from selling those shares.</li>
<li>What&rsquo;s Happening: On Feb. 28, HP reported worse-than-expected first-quarter sales results.</li>
<li>What HP Does: HP (formerly Hewlett-Packard) is a behemoth in the PC and printing markets. It has focused on these markets since it exited IT infrastructure in 2015 with the split from Hewlett Packard Enterprise.</li>
</ul>
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Check This Out: <a href="https://www.benzinga.com/news/24/03/37618477/top-5-energy-stocks-you-may-want-to-dump-in-march"> Top 5 Energy Stocks You May Want To Dump In March </a>

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HP, Cisco And 2 Other Stocks Insiders Are Selling

<h3>What are Value Stocks?</h3>
A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. 
<h2>The following stocks are considered to be notable value stocks in the technology sector:</h2>
<ol>
<li>ClearOne (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLRO#NASDAQ">CLRO</a>) - P/E: 1.07</li>
<li>IBEX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBEX#NASDAQ">IBEX</a>) - P/E: 9.9</li>
<li>Daktronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DAKT#NASDAQ">DAKT</a>) - P/E: 7.74</li>
<li>Daqo New Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DQ#NYSE">DQ</a>) - P/E: 5.15</li>
<li>HP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>) - P/E: 9.05</li>
</ol>
ClearOne saw a decrease in earnings per share from -0.04 in Q2 to $-0.05 now. IBEX saw an increase in earnings per share from 0.4 in Q1 to $0.44 now. This quarter, Daktronics experienced a decrease in earnings per share, which was $0.27 in Q2 and is now $0.09. The company's most recent dividend yield sits at 3.4%, which has increased by 0.02% from 3.38% last quarter. 
Daqo New Energy saw an increase in earnings per share from 0.59 in Q3 to $0.94 now. HP's earnings per share for Q1 sits at $0.81, whereas in Q4, they were at 0.9. The company's most recent dividend yield sits at 3.77%, which has decreased by 0.26% from 4.03% last quarter. 
The Significance: A value stock may need some time to rebound from its undervalued position. The risk of investing in a value stock is that this emergence may never materialize.

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5 Value Stocks To Watch In The Technology Sector

<ul>
<li>Introduces WEX&#x2122;, HP's first AI-enabled digital experience platform</li>
<li>Announces new programs to extend the life of devices and to accelerate a circular economy</li>
<li>Unveils new Managed Services offerings with tools and support needed for success</li>
<li>Introduces new, simplified support packages for HP Support Services (formerly HP Active Care)</li>
</ul>
LAS VEGAS, March 07, 2024 (GLOBE NEWSWIRE) -- Today at the <a href="https://www.globenewswire.com/Tracker?data=rf9QetvyVmix8GGQHfa-XonF7CVh8OUqDrzJodovgdebLu0NizZSVI0WkXu7FePjDuUKG7jewp31mvQ2BoDPAV4AwLOFcoP9NUitIe9IfbUltr5vhHn0nXS-eZjqm_PB-WDcZvbxPnMjV7l8GRaQZA==">Amplify Parter Conference 2024</a>, HP Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>) announced new and enhanced services and solutions that drive value and enable partners to build and grow their services and software businesses. These new solutions include HP WEX, HP's first AI-enabled digital experience platform; a new managed service offering for PCs; a new print subscription service, a simplified good/better/best approach to HP support packages, as well as services and programs to extend the life of devices and accelerate a circular economy.
"We are in the midst of a historic shift in the way people work," said Dave Shull, President of HP Workforce Solutions. "Happy, motivated and productive employees drive better business results, but creating work environments that enable and inspire a dispersed workforce is increasingly difficult. This is where our partners play a key role supporting businesses that are going through transformations. Today, HP is introducing services and solutions ​that enable channel partners to deliver amazing work experiences to their customers while creating recurring revenue streams."
HP Introduces Workforce Experience Platform (WEX&#x2122;)
Last year, HP launched Workforce Central, a fleet management tool that allows IT managers to discover, configure, monitor and manage HP devices in one location. Today, we have taken our vision to the next level with the introduction of the Workforce Experience Platform (WEX&#x2122;), providing CIOs with an AI-enabled digital experience platform that unlocks the full potential of the workforce and transforms employees into an unstoppable force of growth.
WEX launches with an intuitive user interface designed to ensure a seamless experience for customers, connecting multiple services into a single, unified platform view. Beneath the surface is a new suite of powerful capabilities that deliver persona-based recommendations, streamline hardware monitoring, capture employee sentiment, reduce TCO, automate tasks, and strengthen security.
<ul>
<li>Optimized device investment with new persona-based AI models: Leveraging advanced AI, the WEX platform can deliver personalized technology recommendations based on individual employee usage patterns and requirements, improving the traditional PC refresh cycle. &nbsp;</li>
<li>Seamless integration with existing multi-OS and multi-vendor environments: WEX will soon provide the ability to monitor endpoints across a broad range of operating systems and devices – including computers, peripherals, printers, and videoconferencing equipment – regardless of brand or manufacturer.&nbsp;</li>
<li>Collaboration with Microsoft to Supercharge WEX&#x2122; with AI: HP has recently joined the Microsoft Copilot for Security partner private preview and will be working to integrate WEX with Copilot to automate tasks and help maximize device uptime for employees.</li>
<li>Improved employee engagement through ongoing employee sentiment tracking: Turnkey pulse surveys from WEX can improve IT organizations' ability to continuously gauge and enhance employee satisfaction with their digital setup.</li>
<li>Reduced TCO and stronger security: WEX can automate support requests, thus reducing IT support costs. In addition, WEX leverages HP Wolf Security to help reduce security risks. &nbsp;</li>
</ul>
For more information on HP WEX, please visit <a href="https://www.globenewswire.com/Tracker?data=XGFIR8LIdKXLbnlXckUL7kezUag1xlchIQ3ywQfsSH2Sir6UfK9Gj9cI3x119GFLJVcfuqkCu-SybHsJ1V_svyQw3T7Eq8l9Qz6kFyRvyfALoQ3FKO0R_JnCKSErNM9buVlacS5luIeUwldaQHTC9nI64J-dLTVeI1gGDQxCYcc7ir5chzmZMR9r_CDh_W-7iM_gbfc2KAo5AFm950PKCPcBvWmaVFJtlzhJRVag8Dm1fnWh2pvFGJ5L1_l7Rk7c80mvlVpiB-uXJBzTI8r9bA==">https://press.hp.com/us/en/blogs/2024/wex-hp-new-ai-enable-digital-experience-platform.html</a>
New Offerings to Accelerate a Circular Economy and Extend the Life of Devices
HP is demonstrating its continued commitment to driving a circular economy with new programs that help extend the life of devices. As a result, today HP unveiled a new Device Life Extension Service1 enabling customers to optimize their IT investments and reduce their carbon impact2 by enhancing device performance and maximizing the life of their existing HP PCs. Customers simply ship their devices to HP's trusted partners and receive them back with restored performance and enhanced functionality.
In addition, HP introduced its first Partner Certified Refurbishment program.3&nbsp;Now commercial customers can purchase HP Partner Certified refurbished devices that have gone through a rigorous refurbishment process and have been tested extensively. HP is also expanding its PC refurbishment program to the US.
For more information on how HP is helping accelerate a circular future with today's announcements, please visit <a href="https://www.globenewswire.com/Tracker?data=XGFIR8LIdKXLbnlXckUL7kezUag1xlchIQ3ywQfsSH2Sir6UfK9Gj9cI3x119GFLFsSR5uOBxK8EVU8PKMa4jvD1E-XsBYcnb7PsrXoZV9rGXTAVbmicjTSN1nymOQLQN-QZ1xta_QktkYdmOX-TQV2SrgCe_EGQ1_uoL3q-1ye3LLFhyyH1ZI3br9ctTnhlrS56D_VGeMHovmJpZx8zu1CDyxbPMxKmmuP8AKWqzKs=">https://press.hp.com/us/en/blogs/2024/hp-accelerating-circular-future.html</a>
New and Simplified Services Make Selling Easier
HP has simplified and streamlined its service offerings to provide channel partners with more choice to build and deploy services that complement their own offerings.
<ul>
<li>New Managed Device Services (MDS): A new, comprehensive and fully-managed PC service which includes device configuration and management as well as onsite support, proactive monitoring and recommendations for fleet improvements. In addition, HP offers a suite of software, which can easily be added to the service.</li>
<li>Enhanced Managed Print Services (MPS): HP is upgrading its Managed Print Services portfolio with the integration of software solutions. In addition, Managed Print Services now enables multi-country deal setup.</li>
<li>New Managed Print Services (MPS) Subscription: HP is officially launching Managed Print Services (MPS) Subscription, a simple and flexible option that enables printing from virtually anywhere – all through a low commitment annual subscription model.</li>
<li>New Sales Toolkits: HP is making it even easier for channel partners to sell managed services with a new Sales Toolkit, which helps partners build and grow their services businesses.</li>
<li>Radically Simplified Support Services Offerings: HP is introducing new, simplified support packages for HP Support Services: Essential, Premium or Premium+ Support. &nbsp;</li>
</ul>
For more information on how HP is making it easier for channel partners to sell HP services, please visit <a href="https://www.globenewswire.com/Tracker?data=XGFIR8LIdKXLbnlXckUL7kezUag1xlchIQ3ywQfsSH2Sir6UfK9Gj9cI3x119GFLRpwmzjoZ0PnaXvBxve5u49f8oTjsTXFi9lf1YMuyRXFCoKg2bUonfcrxzlRD7f23w7ThXhWxoLanwbu59nBrw5PYhq6d5frxfNA4uQ4FPSlW9BJRmJhtvMO2IG4jQfSQhltHT7E4Qn_5RHl2k_k488NjFeTB4MhiA3RGRC5guW1C_jkvUlkOFkqcgD1ZwWl2DHWwhk0eCRyyw_3tF7MJ4EjFmb9ET0GWboTKZuYIimaVbo47g0yWLsZCIoQA_NA6">https://press.hp.com/us/en/blogs/2024/3-ways-hp-making-sell-services-easier-for-channel-partners.html</a>
HP Services are governed by the applicable HP terms and conditions of service provided or indicated to Customer at the time of purchase. Customer may have additional statutory rights according to applicable local laws, and such rights are not in any way affected by the HP terms and conditions of service or the HP Limited Warranty provided with your HP Product.

HP Introduces New Services And Software That Turbocharge Productivity And Accelerate A Circular Future; New Solutions Include HP WEX, HP's First AI-Enabled Digital Experience Platform

HP Amplify — NVIDIA and HP Inc. today announced that <a href="https://www.nvidia.com/en-us/technologies/cuda-x/">NVIDIA CUDA-X</a>&#x2122; data processing libraries will be integrated with HP AI workstation solutions to turbocharge the data preparation and processing work that forms the foundation of generative AI development. &nbsp;
Built on the <a href="https://developer.nvidia.com/about-cuda">NVIDIA CUDA</a>&#xAE; compute platform, CUDA-X libraries speed data processing for a broad range of data types, including tables, text, images and video. They include the <a href="https://developer.nvidia.com/rapids">NVIDIA RAPIDS&#x2122; cuDF</a> library, which accelerates the work of the nearly 10 million data scientists using pandas software by up to 110x using an <a href="https://www.nvidia.com/en-us/design-visualization/rtx-6000/">NVIDIA RTX&#x2122; 6000 Ada Generation GPU</a> instead of a CPU-only system, without requiring any code changes.
RAPIDS cuDF and other NVIDIA software will be available as part of Z by HP AI Studio on HP AI workstations to provide a full-stack development solution that speeds data science workflows.
"Pandas is the essential tool of millions of data scientists processing and preparing data for generative AI," said Jensen Huang, founder and CEO at NVIDIA. "Accelerating pandas with zero code changes will be a massive step forward. Data scientists can process data in minutes rather than hours, and wrangle orders of magnitude more data to train generative AI models."
"Data science provides the foundation for AI, and developers need fast access to software and systems to power this critical work," said Enrique Lores, president and CEO of HP Inc. "With the integration of NVIDIA AI software and accelerated GPU compute, HP AI workstations provide a powerful solution for our customers."
NVIDIA CUDA-X Speeds Data Science on HP Workstation Solutions Pandas provides a powerful data structure, called DataFrames, which lets developers easily manipulate, clean and analyze tabular data.
The NVIDIA RAPIDS cuDF library accelerates pandas so that it can run on GPUs with zero code changes, rather than relying on CPUs, which can slow workloads as data size grows. RAPIDS cuDF is compatible with third-party libraries and unifies GPU and CPU workflows so data scientists can develop, test and run models in production seamlessly.
As datasets continue to grow, RTX 6000 Ada Generation GPUs provide 48GB of memory per GPU to process large data science and AI workloads on Z by HP workstations. With up to four RTX 6000 GPUs, the HP Z8 Fury is one of the world's most powerful workstations for AI creation. The close collaboration between HP and NVIDIA allows data scientists to streamline development by working on local systems to process even large generative AI workloads.
Availability NVIDIA RAPIDS cuDF for accelerated pandas with zero code changes is expected to be available on <a href="https://www.hp.com/us-en/workstations/workstation-pcs.html">HP AI workstation solutions</a> with <a href="https://www.nvidia.com/en-us/ai-on-rtx/">NVIDIA RTX and GeForce RTX GPUs</a> this month and on <a href="https://www.hp.com/us-en/workstations/ai-studio.html">HP AI Studio</a> later this year.

NVDA

NVIDIA And HP Supercharge Data Science And Generative AI On Workstations

<ul>
<li>HP introduces the industry's largest portfolio of AI PCs1, featuring new HP Elite PCs, the world's most advanced business laptops for collaboration,2 and Z by HP mobile workstations to unlock new levels of productivity and creativity.</li>
<li>HP announces the AI Creation Center, the world's most comprehensive workstation solution for AI development3, including Z by HP AI Studio co-engineered with NVIDIA NGC libraries, enabling AI creation.</li>
<li>HP expands the industry's broadest portfolio of certified conferencing room solutions and headsets4 with new Poly Studio solutions for more meaningful collaboration.</li>
<li>HP delivers the world's first business PCs designed to protect firmware against quantum computer hacks5 powered by HP's upgraded Endpoint Security Controller (ESC) chip to future-proof sensitive data.</li>
</ul>
LAS VEGAS, March 07, 2024 (GLOBE NEWSWIRE) -- HP Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>) today announced the industry's largest portfolio of AI PCs1 leveraging the power of AI to enhance productivity, creativity, and user experiences in hybrid work settings.
In an ever-changing hybrid work landscape, workers are still struggling with disconnection and digital fatigue. <a href="https://www.globenewswire.com/Tracker?data=aSadGPiP4LnulKSRaLIpMPRbwKWT7VuFCPo3U0dWrsklnlW72us47zpUf-Axmmk14UJyH8R9d44AC7QIWuArX5fQPV1CnNelRhy-yPs6psOkLXiDNtrefXTRv6F3u-onl1iWfiQpMztdKS5CsXXgaw==">HP's 2023 Work Relationship Index</a> reveals that only 27% of knowledge workers have a healthy relationship with work, and 83% believe it's time to redefine our relationships with work. Most employees believe AI will open new opportunities to enjoy work and make their jobs easier,6 but they need the right AI tools and technology to succeed.
"At HP, our mission is to empower companies to capitalize on the power of AI, sparking ambitious and meaningful progress in every organization," said Alex Cho, President of Personal Systems, HP Inc. "We are proud to represent the industry's broadest portfolio of AI PCs. By harnessing AI as a personal tool, we are creating more personalized and meaningful work experiences, revolutionizing the way we interact with technology and each other in the workplace."

HP Unveils Industry's Largest Portfolio Of AI PCs

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Below are some instances of options activity happening in the Information Technology sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NVDA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>03/08/24</td>
<td>$900.00</td>
<td>$33.6K</td>
<td>14.8K</td>
<td>58.5K</td>
</tr>
<tr>
<td>AMD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/08/24</td>
<td>$205.00</td>
<td>$48.0K</td>
<td>3.1K</td>
<td>23.3K</td>
</tr>
<tr>
<td>AAPL</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>04/19/24</td>
<td>$160.00</td>
<td>$42.9K</td>
<td>17.5K</td>
<td>9.1K</td>
</tr>
<tr>
<td>INTC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/15/24</td>
<td>$47.00</td>
<td>$64.3K</td>
<td>15.5K</td>
<td>8.5K</td>
</tr>
<tr>
<td>MSFT</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/08/24</td>
<td>$402.50</td>
<td>$107.5K</td>
<td>3.1K</td>
<td>5.7K</td>
</tr>
<tr>
<td>CRWD</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/08/24</td>
<td>$340.00</td>
<td>$25.0K</td>
<td>91</td>
<td>3.7K</td>
</tr>
<tr>
<td>MRVL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/08/24</td>
<td>$80.00</td>
<td>$64.5K</td>
<td>5.7K</td>
<td>3.0K</td>
</tr>
<tr>
<td>MARA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/15/24</td>
<td>$23.50</td>
<td>$200.0K</td>
<td>1.4K</td>
<td>2.9K</td>
</tr>
<tr>
<td>HPQ</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>06/21/24</td>
<td>$32.00</td>
<td>$39.3K</td>
<td>6.6K</td>
<td>2.1K</td>
</tr>
<tr>
<td>PLTR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>03/15/24</td>
<td>$22.00</td>
<td>$42.7K</td>
<td>26.9K</td>
<td>1.2K</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we notice a call option trade that happens to be bearish, expiring in 2 day(s) on March 8, 2024. This event was a transfer of 33 contract(s) at a $900.00 strike. The total cost received by the writing party (or parties) was $33.6K, with a price of $1021.0 per contract. There were 14801 open contracts at this strike prior to today, and today 58547 contract(s) were bought and sold. 
• For AMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), we notice a put option sweep that happens to be bullish, expiring in 2 day(s) on March 8, 2024. This event was a transfer of 300 contract(s) at a $205.00 strike. This particular put needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $48.0K, with a price of $160.0 per contract. There were 3197 open contracts at this strike prior to today, and today 23302 contract(s) were bought and sold. 
• For AAPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), we notice a put option trade that happens to be neutral, expiring in 44 day(s) on April 19, 2024. This event was a transfer of 300 contract(s) at a $160.00 strike. The total cost received by the writing party (or parties) was $42.9K, with a price of $143.0 per contract. There were 17584 open contracts at this strike prior to today, and today 9168 contract(s) were bought and sold. 
• Regarding INTC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), we observe a call option sweep with bullish sentiment. It expires in 9 day(s) on March 15, 2024. Parties traded 975 contract(s) at a $47.00 strike. This particular call needed to be split into 47 different trades to become filled. The total cost received by the writing party (or parties) was $64.3K, with a price of $66.0 per contract. There were 15575 open contracts at this strike prior to today, and today 8524 contract(s) were bought and sold. 
• For MSFT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), we notice a put option trade that happens to be bullish, expiring in 2 day(s) on March 8, 2024. This event was a transfer of 500 contract(s) at a $402.50 strike. The total cost received by the writing party (or parties) was $107.5K, with a price of $215.0 per contract. There were 3182 open contracts at this strike prior to today, and today 5793 contract(s) were bought and sold. 
• For CRWD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>), we notice a put option trade that happens to be bullish, expiring in 2 day(s) on March 8, 2024. This event was a transfer of 25 contract(s) at a $340.00 strike. The total cost received by the writing party (or parties) was $25.0K, with a price of $1000.0 per contract. There were 91 open contracts at this strike prior to today, and today 3741 contract(s) were bought and sold. 
• Regarding MRVL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>), we observe a call option sweep with bearish sentiment. It expires in 2 day(s) on March 8, 2024. Parties traded 100 contract(s) at a $80.00 strike. This particular call needed to be split into 16 different trades to become filled. The total cost received by the writing party (or parties) was $64.5K, with a price of $645.0 per contract. There were 5738 open contracts at this strike prior to today, and today 3054 contract(s) were bought and sold. 
• Regarding MARA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>), we observe a call option sweep with bearish sentiment. It expires in 9 day(s) on March 15, 2024. Parties traded 1000 contract(s) at a $23.50 strike. This particular call needed to be split into 24 different trades to become filled. The total cost received by the writing party (or parties) was $200.0K, with a price of $200.0 per contract. There were 1416 open contracts at this strike prior to today, and today 2985 contract(s) were bought and sold. 
• Regarding HPQ (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>), we observe a call option sweep with neutral sentiment. It expires in 107 day(s) on June 21, 2024. Parties traded 313 contract(s) at a $32.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $39.3K, with a price of $126.0 per contract. There were 6685 open contracts at this strike prior to today, and today 2106 contract(s) were bought and sold. 
• For PLTR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>), we notice a call option trade that happens to be bearish, expiring in 9 day(s) on March 15, 2024. This event was a transfer of 96 contract(s) at a $22.00 strike. The total cost received by the writing party (or parties) was $42.7K, with a price of $445.0 per contract. There were 26987 open contracts at this strike prior to today, and today 1259 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

CRWD

INTC

MARA

MRVL

MSFT

PLTR

10 Information Technology Stocks With Whale Alerts In Today's Session

<h3>What Defines a Value Stock?</h3>
A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. 
<h2>The following stocks are considered to be notable value stocks in the technology sector:</h2>
<ol>
<li>HP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>) - P/E: 8.52</li>
<li>Movella Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MVLA#NASDAQ">MVLA</a>) - P/E: 0.11</li>
<li>Arrow Electronics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARW#NYSE">ARW</a>) - P/E: 7.61</li>
<li>CXApp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CXAI#NASDAQ">CXAI</a>) - P/E: 0.9</li>
<li>JinkoSolar Holding Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JKS#NYSE">JKS</a>) - P/E: 2.59</li>
</ol>
HP has reported Q1 earnings per share at $0.81, which has decreased by 10.0% compared to Q4, which was 0.9. The company's most recent dividend yield sits at 3.77%, which has decreased by 0.26% from 4.03% last quarter. 
Movella Holdings looks to be undervalued. It possesses an EPS of $-0.12, which has not changed since last quarter (Q1). Most recently, Arrow Electronics reported earnings per share at $3.98, whereas in Q3 earnings per share sat at $4.14. Most recently, CXApp reported earnings per share at $0.13, whereas in Q2 earnings per share sat at $-1.05. JinkoSolar Holding Co saw a decrease in earnings per share from 3.52 in Q2 to $3.31 now. 
These 5 value stocks were selected by Benzinga Insights based on quantified analysis. While this methodical judgment process is not meant to make final decisions, our technology can give investors additional perception into the sector.

CXAI

MVLA

A Look Into Technology Sector Value Stocks

Barclays analyst Tim Long maintains HP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>) with a Underweight and raises the price target from $22 to $24.

Barclays Maintains Underweight on HP, Raises Price Target to $24

The cautious sentiment prevailing throughout the week persisted on Thursday, with U.S. stock futures indicating a mostly lower open as traders anxiously await the Federal Reserve&#8217;s&nbsp;<a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/02/37373227/stocks-fall-ahead-of-feds-inflation-data-unitedhealth-sinks-bitcoin-tops-61-000-wha" rel="noreferrer noopener">favored inflation gauge</a>. If the reading proves milder than anticipated, pent-up demand from sidelined traders could propel stocks sharply higher, but a hotter-than-expected inflation figure may trigger further selling. Rising bond yields and a firmer dollar reflect apprehensions about the inflation data.
Market participants will also hear from numerous Fed officials before the &#8220;blackout&#8221; period begins on March 9. While tech earnings have generally impressed, there have been some disappointments from other sectors. The ongoing crypto rally underscores the prevailing risk-on sentiment.
Cues From Last Trading Session
Wednesday&#8217;s session saw U.S. stocks close lower as investors digested revised fourth-quarter GDP data and its inflation components. All major indices opened lower and remained below the unchanged line throughout the session, closing in negative territory.
Recent weakness has pulled the S&amp;P 500 and Dow Industrials off their record highs, with the latter declining for three consecutive sessions. Small-cap stocks reversed course and underperformed larger counterparts, with the Russell 2000 Index ending down 0.77%.
Communication services, IT, and healthcare sectors bore the brunt of the downturn, while real estate stocks surged.
Fund manager Louis Navellier said, &#8220;We&#8217;re seeing primarily a minor tech correction, with the Magnificent&nbsp;7 the weakest, the pullback on the sectors which have had the strongest YTD performance,&nbsp;a rational move.&#8221;
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>-0.55%</td>
<td>15,947.74</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>-0.17%</td>
<td>5,069.76</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>-0.06%</td>
<td>38,949.02</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-0.77%</td>
<td>2,040.31</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption"> Analyst Color:</figcaption></figure>
An analyst shrugged off the current lackluster phase and pointed to data that offers hope for the remainder of the year. Carson Group&#8217;s Ryan Detrick shared a chart that showed in the fourth year of a new president, the market performed well in the second half of the year. The average gain for these years is 12.2%, the chart showed.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">You are here <a href="https://t.co/k2EKBF2vcD">pic.twitter.com/k2EKBF2vcD</a>
&mdash; Ryan Detrick, CMT (@RyanDetrick) <a href="https://twitter.com/RyanDetrick/status/1762831751259259234?ref_src=twsrc%5Etfw">February 28, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
<figcaption class="wp-element-caption"> Futures Today Futures Performance On Thursday ( as of 6 a.m. ET)</figcaption></figure>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>-0.23%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.24%</td>
</tr>
<tr>
<td>Dow</td>
<td>-0.35%</td>
</tr>
<tr>
<td>R2K</td>
<td>+0.12%</td>
</tr>
</tbody>
</table>
</figure>
<a href="https://www.benzinga.com/premarket/">In premarket trading</a> on Thursday, the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) slipped 0.27% to $504.90 and the Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) fell 0.20% to $434.40, according to <a href="https://benzinga.grsm.io/lxquj26b2sag">Benzinga Pro data.</a>
Upcoming Economic Data:
The Labor Department is due to release its customary weekly jobless claims report at 8:30 a.m. ET. Economists, on average, expect the number of individuals claiming unemployment benefits to rise from 201,000 in the week ended Feb. 17 to 209,000 in the week ended Feb. 24.
The Bureau of Economic Analysis is due to release its personal income and spending report for January at 8:30 a.m. On a month-over-month basis, personal income and spending may have increased by 0.4% and 0.2%, respectively. This compares to increases of 0.3% and 0.7%, respectively, in the previous month. The core price consumption expenditure index &#8211; the Fed&#8217;s preferred gauge, may have risen 0.4% on a monthly basis and 2.8% on an annual basis. In December, the monthly and annual rates came in at 0.2% and 2.9%, respectively.
ISM Chicago&#8217;s regional manufacturing survey results, which are due by 9:45 a.m. ET, is expected to show a slower contraction in February. The Chicago business barometer may have risen 2.1 points from January to 48.1. A reading below 50 suggests a contraction in activity.
The National Association of Realtors will release its pending home sales index for January at 10 a.m. ET. The headline is expected to show a 1.4% month-over-month increase, slower than the 8.3% climb in December.
Among the Fed speeches scheduled for the day are:
<ul>
<li>Fed Governor Christopher Waller: 10:15 a.m. ET</li>
<li>Atlanta Fed President Raphael Bostic: 10:50 a.m. ET</li>
<li>Chicago Fed President Austan Goolsbe: 11:00 a.m. ET</li>
<li>Cleveland Fed President Loretta Mester: 1:15 a.m. ET &amp; 3:30 p.m. ET</li>
</ul>
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How To Trade Futures</a>
Stocks In Focus:
<ul>
<li>AMC Entertainment Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMC#NYSE">AMC</a>) fell about 8.50% <a href="https://www.benzinga.com/premarket">in premarket trading </a>following the company&#8217;s earnings announcement.</li>
<li>AI-levered mid-cap c3.ai, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AI#NYSE">AI</a>) rose over 15.50%, also in reaction to its quarterly results.</li>
<li>Other stocks moving on earnings reports are Monster Beverages Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNST#NASDAQ">MNST</a>) (up over 4%), Marathon Digital Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) (down over 7%), Nutanix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTNX#NASDAQ">NTNX</a>) (up over 4%), HP, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>) (down about 3.5%), DoubleVerify Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DV#NYSE">DV</a>) (down over 17%), Okta, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OKTA#NASDAQ">OKTA</a>) (up over 24%) and Snowflake, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>) (down nearly 23%).</li>
<li>Anheuser-Busch InBev SA/NV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BUD#NYSE">BUD</a>), Best Buy Co., Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>), Celsius Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CELH#NASDAQ">CELH</a>), Hormel Foods Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRL#NYSE">HRL</a>), NetEase, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTES#NASDAQ">NTES</a>) and Papa John&#8217;s International, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PZZA#NASDAQ">PZZA</a>) are among the <a href="https://www.benzinga.com/calendars/earnings">notable companies reporting quarterly results ahead of the market open.</a></li>
<li>Those reporting after the close include Autodesk, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADSK#NASDAQ">ADSK</a>), Cooper Companies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COO#NASDAQ">COO</a>), Fisker, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FSR#NYSE">FSR</a>), Zscaler, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZS#NASDAQ">ZS</a>), Hewlett Packard Enterprises Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPE#NYSE">HPE</a>), NetApp, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTAP#NASDAQ">NTAP</a>) and SoundHound AI, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOUND#NASDAQ">SOUND</a>).</li>
</ul>
Commodities, Bonds, Other Global Equity Markets:
Crude oil futures edged down 0.01% to $78.53 in early European session on Thursday after the commodity snapped a two-session winning run and ended down 0.42% on Wednesday. The benchmark 10-year Treasury note climbed 0.041 percentage points at 4.315%. 
In Asia, the Chinese market rallied strongly while the mood elsewhere showed nervousness, especially as traders awaited key U.S. inflation data. European stocks were firmed in early trading on Thursday. The crypto rally continued with Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) topping $62,500.
Ahead of the U.S. PCE data, the dollar was firmer against most major currencies, except the euro and the yen.
Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/02/37384873/gold-bull-peter-schiff-warns-us-q4-growth-is-really-a-credit-bubble-amid-834b-surge">Gold Bull Peter Schiff Warns US Q4 Growth Is Really &#8216;A Credit Bubble&#8217; Amid $834B Surge In National Debt</a>
Image made via AI on MidJourney

Earnings

Futures

Previews

Economics

Federal Reserve

Movers

$BTC

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MNST

NTAP

NTES

NTNX

OKTA

PZZA

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Nasdaq, S&P 500 Futures Signal Uncertainty Before Crucial Inflation Data While Bitcoin Rallies On: Why This Analyst Models Solid Gains This Year

U.S. stock futures were lower this morning, with the Dow futures trading lower by over 100 points on Thursday.
Shares of Shoals Technologies Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/shls#NASDAQ">SHLS</a>) fell in today&rsquo;s pre-market trading after the company reported worse-than-expected fourth-quarter financial results and issued FY24 revenue guidance below estimates.
Shoals Technologies posted adjusted earnings of 12 cents per share, missing market estimates of 17 cents per share. The company&rsquo;s quarterly sales came in at $130.40 million, missing expectations of $131.94 million.
Shoals Technologies Group shares dipped 17.6% to $12.68 in pre-market trading.
Here are some big stocks recording losses in today&rsquo;s pre-market trading session.
<ul>
<li>Snowflake Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/snow#NYSE">SNOW</a>) shares dipped 23% to $177.17. Snowflake reported upbeat earnings for its fourth quarter. The company said CEO Frank Slootman has decided to retire from his role as CEO but will continue to serve as chairman of the board. Sridhar Ramaswamy has been appointed as CEO and a member of the board, effective immediately.</li>
<li>WW International, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ww#NASDAQ">WW</a>) dipped 21.9% to $2.98 in pre-market trading after the company reported fourth-quarter financial results and announced that director Oprah Winfrey has decided not to stand for re-election at the company&#39;s upcoming annual meeting of shareholders.</li>
<li>Butterfly Network, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bfly#NASDAQ">BFLY</a>) dipped 18.2% to $1.21 in pre-market trading after the company reported mixed fourth-quarter financial results.</li>
<li>FIGS, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/figs#NYSE">FIGS</a>) shares fell 15.3% to $5.11 in pre-market trading after the company reported mixed quarterly financial results.</li>
<li>Schr&ouml;dinger, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sdgr#NASDAQ">SDGR</a>) shares declined 15% to $26.66 in pre-market trading after the company reported mixed fourth-quarter financial results.</li>
<li>The Chemours Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cc#NYSE">CC</a>) shares declined 13% to $24.99 in pre-market trading. Chemours Company named Denise Dignam as the interim CEO and Matt Abbott as the interim CFO. The company also issued preliminary 2023 results.</li>
<li>Inari Medical, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nari#NASDAQ">NARI</a>) shares fell 11.1% to $51.80 in pre-market trading after posting a loss for the fourth quarter.</li>
<li>IonQ, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ionq#NYSE">IONQ</a>) shares declined 8.3% to $10.32 in pre-market trading after the company reported mixed fourth quarter financial results.</li>
<li>Stem, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/stem#NYSE">STEM</a>) shares fell 8.1% to $2.51 in pre-market trading after the company reported worse-than-expected quarterly results.</li>
<li>AMC Entertainment Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/amc#NYSE">AMC</a>) shares fell 7.8% to $4.60 in pre-market trading following quarterly results.</li>
<li>NetEase, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ntes#NASDAQ">NTES</a>) fell&nbsp;5.7% to $105.93 in pre-market trading after the company reported financial fourth-quarter results below estimates.</li>
<li>HP Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hpq#NYSE">HPQ</a>) shares slipped 3.4% to $27.75 in pre-market trading. HP reported in-line earnings for its first quarter, while sales missed estimates. The company said it sees FY24 earnings of $3.25 to $3.65 per share.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/news/earnings/24/02/37384925/fear-greed-index-remains-in-extreme-greed-zone-pce-data-in-focus"> Fear &amp; Greed Index Remains In &#39;Extreme Greed&#39; Zone; PCE Data In Focus </a>
Don&rsquo;t forget to check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a>

Penny Stocks

BFLY

FIGS

IONQ

NARI

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Shoals Technologies Posts Weak Q4 Results, Joins Butterfly Network, Schrödinger And Other Big Stocks Moving Lower In Thursday's Pre-Market Session

With U.S. stock futures trading slightly lower this morning on Thursday, some of the stocks that may grab investor focus today are as follows:
Wall Street expects Best Buy Co., Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bby#NYSE">BBY</a>) to report quarterly earnings at $2.51 per share on revenue of $14.53 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Best Buy shares gained 1.5% to $80.87 in after-hours trading.
HP Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hpq#NYSE">HPQ</a>) reported in-line earnings for its first quarter, while sales missed estimates. The company said it sees FY24 earnings of $3.25 to $3.65 per share. HP shares fell 3.7% to $27.67 in the after-hours trading session.
Analysts are expecting Dell Technologies Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dell#NYSE">DELL</a>) to earn $1.73 per share on revenue of $22.16 billion for the latest quarter. The company will release earnings after the markets close. Dell shares fell 1.5% to $91.85 in after-hours trading.
Check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a> 
Snowflake Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/snow#NYSE">SNOW</a>) reported upbeat earnings for its fourth quarter. The company said CEO Frank Slootman has decided to retire from his role as CEO but will continue to serve as chairman of the board. Sridhar Ramaswamy has been appointed as CEO and a member of the board, effective immediately. Snowflake shares dipped 20.3% to $183.30 in the after-hours trading session.
Analysts expect Hormel Foods Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hrl#NYSE">HRL</a>) to report quarterly earnings at 34 cents per share on revenue of $2.92 billion before the opening bell. Hormel Foods shares gained 1.5% to $31.30 in after-hours trading.
Check This Out: <a href="https://www.benzinga.com/news/24/02/37363841/top-3-financial-stocks-that-may-implode-in-february"> Top 3 Financial Stocks That May Implode In February </a>
&nbsp;

DELL

HP, Best Buy And 3 Stocks To Watch Heading Into Thursday

<h3>Gainers</h3>
<ul>
<li>Okta (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OKTA#NASDAQ">OKTA</a>) shares increased by 18.4% to $103.33 during Wednesday's after-market session. The company's market cap stands at $17.0 billion. As per the news, the Q4 earnings report came out today. </li>
<li>C3.ai (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AI#NYSE">AI</a>) stock moved upwards by 13.8% to $33.79. The company's market cap stands at $4.0 billion. The company's, Q3 earnings came out today. </li>
<li>IonQ (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IONQ#NYSE">IONQ</a>) stock increased by 9.5% to $12.33. The company's market cap stands at $2.5 billion. As per the news, the Q4 earnings report came out today. </li>
<li>Pure Storage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSTG#NYSE">PSTG</a>) stock moved upwards by 8.49% to $45.7. The company's market cap stands at $14.4 billion. As per the press release, Q4 earnings came out today. </li>
<li>Castellum (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/CTM#AMEX">CTM</a>) shares rose 6.89% to $0.31. The company's market cap stands at $16.4 million. </li>
<li>HeartCore Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTCR#NASDAQ">HTCR</a>) stock rose 5.32% to $0.65. The market value of their outstanding shares is at $13.5 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Snowflake (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>) stock declined by 22.4% to $178.5 during Wednesday's after-market session. The company's market cap stands at $58.6 billion. As per the news, the Q4 earnings report came out today. </li>
<li>DoubleVerify Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DV#NYSE">DV</a>) stock declined by 18.38% to $32.03. The market value of their outstanding shares is at $5.4 billion. The company's, Q4 earnings came out today. </li>
<li>Mobix Labs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MOBX#NASDAQ">MOBX</a>) shares decreased by 6.67% to $2.45. The company's market cap stands at $63.2 million. </li>
<li>Salesforce (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) shares fell 5.1% to $284.5. The company's market cap stands at $275.3 billion. The company's, Q4 earnings came out today. </li>
<li>BIT Mining (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BTCM#NYSE">BTCM</a>) stock fell 4.36% to $3.81. The company's market cap stands at $42.2 million. The company's, Q4 earnings came out 3 days ago. </li>
<li>HP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>) shares decreased by 4.18% to $27.52. The market value of their outstanding shares is at $26.9 billion. As per the press release, Q1 earnings came out today. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

BTCM

HTCR

MOBX

PSTG

12 Information Technology Stocks Moving In Wednesday's After-Market Session

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Advanced Micro Devices (NASDAQ:<a href="https://investorplace.com/stock-quotes/amd-stock-quote/">AMD</a>) stock has declined 20% over the past month. Investors should use the pullback as an opportunity to buy shares hand over fist. 



The current drawdown in AMD stock is due to market volatility and a pullback among all semiconductor securities. Nothing has changed to alter the <a href="https://www.marketwatch.com/story/amds-stock-can-surge-40-this-new-bull-says-even-as-nvidia-still-dominates-cab4a6bd">growth trajectory</a> of Advanced Micro Devices. 



On the contrary, the company continues to expand its market share in the hotly contest artificial intelligence (<a href="https://investorplace.com/stock-quotes/ai-stock-quote/">AI</a>) sector as it rolls out new microchips and semiconductors. Investors should also keep in mind that, despite the current dip, AMD stock is up 452% over the last five years, making it a long-term winner.



<h2>Another New AI Chip</h2>



On April 16, Advanced Micro Devices unveiled <a href="https://www.reuters.com/technology/amd-introduces-ai-chips-business-laptops-desktops-2024-04-16/?utm_source=Sailthru&amp;utm_medium=Newsletter&amp;utm_campaign=Technology-Roundup&amp;utm_term=041624&amp;user_email=f851d2d5ace20cad2ddbc24e565822aea943a9b18b45be1c5535da0ce2a091cf">new semiconductors</a> for AI-enabled business laptops and desktop computers. The new chips will be integrated into laptops and desktop computers made by companies such as HP (NYSE:<a href="https://investorplace.com/stock-quotes/hpq-stock-quote/">HPQ</a>) and Lenovo by the end of the current second quarter. In launching the new chip, AMD said it is trying to expand its share of the burgeoning but lucrative AI personal computer (PC) market. The new chips will enable PCs to run large-language models and AI directly without the need for cloud-computing.



Analysts and company leaders seem to agree that <a href="https://www.cnbc.com/2024/04/16/amd-launches-new-chips-for-ai-pcs-amid-fierce-fight-with-nvidia-intel.html">AI-enabled PCs</a> will help to revive the market for laptops and desktops in coming years. AMD rival Intel (NASDAQ:<a href="https://investorplace.com/stock-quotes/intc-stock-quote/">INTC</a>) has said that it plans to ship 40 million AI PCs this year. The new computer chips from Advanced Micro Devices are the latest in a series of products the company has introduced to capitalize on booming AI demand, and to better compete against archrival and industry leader Nvidia (NASDAQ:<a href="https://investorplace.com/stock-quotes/nvda-stock-quote/">NVDA</a>). 



<h2>Strong Financial Results </h2>



At the end of last year, AMD launched a new series of microchips called the &ldquo;Ryzen 8040&rdquo; that are aimed at boosting AI applications by up to 60%. AMD&rsquo;s new MI300X accelerator microchip is also now available. That chip is used in data centers and servers, and is meant to compete head on with Nvidia&rsquo;s AI data center chips. Tech giants such as Meta Platforms (NASDAQ:<a href="https://investorplace.com/stock-quotes/meta-stock-quote/">META</a>) and Microsoft (NASDAQ:<a href="https://investorplace.com/stock-quotes/msft-stock-quote/">MSFT</a>) have <a href="https://www.cnbc.com/2023/12/06/meta-and-microsoft-to-buy-amds-new-ai-chip-as-alternative-to-nvidia.html">placed big orders </a>for AMD&rsquo;s new chips as they power their own AI ambitions.



While it&rsquo;s still early days, AMD&rsquo;s raft of new AI microchips and semiconductors is already having a positive impact on the company&rsquo;s financial results. At the end of January, AMD reported earnings per share (<a href="https://investorplace.com/stock-quotes/eps-stock-quote/">EPS</a>) of 77 cents, which matched analysts&rsquo; expectations. <a href="https://www.cnbc.com/2024/01/30/amd-earnings-report-q4-2024.html#:~:text=EPS%3A%2077%20cents%20per%20share,billion%2C%20versus%20%246.12%20billion%20expected">Revenue for the fourth quarter</a> of 2023 totaled $6.17 billion versus $6.12 billion that was forecast on Wall Street. Last October, <a href="https://www.reuters.com/technology/amd-forecasts-fourth-quarter-revenue-below-estimates-2023-10-31/">AMD said it expected $2 billion</a> in A.I. chip sales this year. It now expects $3.5 billion of A.I. chip sales in 2024 as demand rises exponentially. 



<h2>Buy AMD Stock</h2>



Advanced Micro Devices is a company firing on all cylinders right now. In less than six months, AMD has rolled out multiple new chips and semiconductors designed to power the most advanced AI technologies. Competing directly against industry leaders such as Nvidia and Intel, AMD is more than holding its own. While the share price has pulled back in recent weeks, it is not likely to be down for long. As such, investors should take advantage of the current situation and <a href="https://www.tipranks.com/news/amd-stock-analysts-see-more-room-for-growth">buy AMD stock</a>. 



On the date of publication, Joel Baglole&nbsp;held long positions in MSFT and NVDA. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://nam12.safelinks.protection.outlook.com/?url=https%3A%2F%2Finvestorplace.com%2Fcorporate%2Finvestorplace-publishing-guidelines%2F&amp;data=04%7C01%7C%7C5a525d9084ae4cdfb8f008da1edbf06e%7C84df9e7fe9f640afb435aaaaaaaaaaaa%7C1%7C0%7C637856227247256778%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000&amp;sdata=uLFH3ol2mcVxuJrHYW3xDLVx3qGIvonIwHvcfUa%2Fo24%3D&amp;reserved=0" target="_blank">Publishing Guidelines</a>.
<div>Joel Baglole has been a business journalist for 20 years. He spent five years as a staff reporter at The Wall Street Journal, and has also written for The Washington Post and Toronto Star newspapers, as well as financial websites such as The Motley Fool and Investopedia.</div><h3>More From InvestorPlace</h3>
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	The post <a href="https://investorplace.com/2024/04/amds-ai-arsenal-expands-why-this-dip-is-your-ticket-to-soar/">AMD&#8217;s AI Arsenal Expands: Why This Dip Is Your Ticket to Soar</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

AMD's AI Arsenal Expands: Why This Dip Is Your Ticket to Soar

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HP Inc. gains as Greenlight's Einhorn takes stake

HP Inc. gains as Davod Einhorn's Greenlight takes stake in Q1

HP Inc. gains as David Einhorn's Greenlight takes stake in Q1

HP Inc. gains as Einhorn's Greenlight takes stake in Q1 on AI potential

HP Inc. gains as Einhorn's Greenlight takes stake in Q1 on AI potential  (update)

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Hedge fund manager David Einhorn believes artificial intelligence (AI) can help computing hardware provider HP (NYSE:<a href="https://investorplace.com/stock-quotes/hpq-stock-quote/">HPQ</a>) out of its sideways consolidation. Putting a stake into the thesis, the market expert believes that the AI narrative has <a href="https://seekingalpha.com/news/4093234-hp-inc-gains-as-greenlights-einhorn-takes-stake">yet to translate to a higher price</a> for HPQ stock.



In a letter, Einhorn wrote that HP &ldquo;stands to benefit from AI, which we believe is not reflected in the current stock price.&rdquo; Notably, the hedge fund manager emphasized a baseline case for HPQ stock. &ldquo;We believe that we are at a minimum, on the cusp of a normal PC refresh cycle, which should drive earnings above estimates.&rdquo;



However, the more enticing storyline centers on a possibly robust industry-wide improvement. &ldquo;The more exciting opportunity is through a possible AI-driven PC adoption cycle, fueling higher unit prices and a more robust PC market recovery,&rdquo; Einhorn remarked.



Interestingly, the investor acknowledged that experts are divided about the AI-integrated opportunity. Still, Einhorn&rsquo;s hedge fund Greenlight came to the main conclusion that the potential for an upswing hasn&rsquo;t been reflected in HPQ stock.



<h2>Bullishness in HPQ Stock Is More Than Just Words</h2>



Beyond the bullish thesis &mdash; which is largely a contrarian take &mdash; the matter that has driven HPQ stock higher is that Greenlight is putting actual weight behind it. In the aforementioned letter, the content revealed that Greenlight established a position in HPQ stock in the first quarter. The average price came out to $30.76 a share.



As of this writing, HPQ stock trades hands at $28.21, about 2% higher from Tuesday&rsquo;s close.



HP CEO Enrique Lores stated to Yahoo Finance at the World Economic Forum that a new category of PCs that utilize specialized AI chips onboard would reach consumers later in 2024. &ldquo;It&rsquo;s probably one of the biggest changes in the PC industry since the PC was invented more than 20 years ago,&rdquo; Lores said at the time.



Still, the other side of the argument must be acknowledged. According to Hal Daum&eacute; III, a professor of computer science at the University of Maryland, <a href="https://www.cs.umd.edu/article/2024/01/revolutionizing-computing-ai-integration-marks-major-shift-pc-evolution">investors should be wary of the AI hype</a>:




&ldquo;I am not totally convinced that the integration of specialized AI hardware on platforms is going to be such a huge shift. I don&rsquo;t think it&rsquo;s going to change what we can do, but I think it might change who can do it because the hardware will be more commodified.&rdquo;




What&rsquo;s not deniable is that HPQ stock carries a <a href="https://www.dividend.com/stocks/technology/hardware/computer-hardware-storage/hpq-hewlett-packard/">forward dividend yield of 3.88%</a>. That&rsquo;s much higher than the technology sector&rsquo;s average yield of 1.37%. Interestingly, Greenlight estimates that HP has the capacity to buy back 25% to 30% of its shares over the next three years.



<h2>Why It Matters</h2>



Currently, the sentiment for HPQ stock is largely divided with a <a href="https://www.tipranks.com/stocks/hpq/forecast">consensus hold rating</a>. This assessment breaks down as four buys, four holds and two sells. The average price target is $31, implying about 10% upside potential. Moreover, the most optimistic target calls for $40, suggesting roughly 42% growth.



On the date of publication, Josh Enomoto did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
<div>A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare. Tweet him at @EnomotoMedia.</div><h3>More From InvestorPlace</h3>
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	The post <a href="https://investorplace.com/2024/04/david-einhorn-is-betting-on-hp-hpq-stock/">David Einhorn Is Betting on HP (HPQ) Stock</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

David Einhorn Is Betting on HP (HPQ) Stock

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Press Releases

Future of Work Powered by AI Takes Center Stage at HP Amplify Partner Conference

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Opinion

Thinking about trading options or stock in NVIDIA, Super Micro Computer, Palantir Technologies, Broadcom, or HP?