HP forecasts Q1 profit below estimates on sluggish demand in PC market
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:HP forecast its first-quarter profit below Wall Street expectations on Tuesday, signaling persistent choppy demand in the personal computers market and sending the company's shares down 8.4 per cent in extended trading. PC makers have seen demand retreat from its peak during the pandemic, when customers stocked up on tech products. Besides, demand for AI-powered PCs has remained muted in the mass market even as it increased in the corporate and educational sectors thanks to businesses and
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