Dell And HP Shares Drop 12% After Worse-Than-Expected Forecasts

ToplinePersonal computer giants Dell Technologies and HP Inc. are forecasting lower-than-expected earnings for the current quarter, causing shares of both companies to decrease by around 12%, while pacing what would be HP’s worst day in more than three years.Dell indicated the AI market was a “robust opportunity,” despite the company’s COO warning its AI ... [+] business would “not be linear.”© 2024 Bloomberg Finance LP Key FactsDell’s shares dropped to about $124 as of around 2 p.m. EST on Wednesday, the f ...