HP Shares Fall Over Potential Weak PC Demand Growth: Bloomberg
- HP Inc (NYSE: HPQ) shares dropped amid analyst concerns over waning PC demand, Bloomberg reports. The decline marked the most intraday low in six weeks.
- Analysts expressed concerns over the sustainability of the 55% growth in PC shipments during Q1.
- Early indicators might suggest a correction in consumer demand despite substantial demand potential in the consumer segment, an Evercore analyst stated.
- The supply constraints, rising inventory levels could also signal to slow PC demand in the consumer and education markets, a Morgan Stanley analyst observed.
- Price action: HPQ shares traded lower by 3.48% at $28.99 on the last check Monday.
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