Tech giants on the decline: Dell and HP disappoint investors!
Dell and HP disappoint investors with their balance sheets. Despite demand for AI, sales growth remains below expectations. What now?
Tech giants on the decline: Dell and HP disappoint investors!
The US computer manufacturers Dell and HP are under great pressure due to disappointing business figures. The share prices of both companies experienced a drastic decline in premarket trading on Wall Street: Dell shares fell by four percent, while HP even had to struggle with a loss of almost three percent. Despite a surprisingly high annual profit for Dell, due to robust demand for high-performance artificial intelligence systems, the sales target fell short of expectations. Analysts emphasize that the transition to AI-optimized computers is progressing, but is also burdened by competitive pressure and tariffs, as [oe24] reports.
Although HP was able to increase its sales, analysts were disappointed by its profit forecasts. Market uncertainty and growing competition pose serious challenges for both companies. JPMorgan analysts point to these difficulties and say that despite positive financial surprises, Dell did not benefit from the stock reaction, nor did HP, which also lost market value following the release of its results. According to [manager-magazin], these developments increase concerns about the long-term stability of the two industry giants.