Corporate Restructuring and AI Shifts Dominate Tech News, While Fed Rate Cut Hopes Emerge

Key TakeawaysHP Inc. (HPQ) announced plans to cut 4,000–6,000 jobs through fiscal year 2028 and issued a weaker profit outlook, projecting FY earnings of $2.90–$3.20 per share, missing estimates, amid rising memory-chip costs and a strategic shift towards AI tools for cost reduction, targeting $1 billion in annual savings.Dell Technologies (DELL) boosted its annual AI server shipment forecast to $25 billion, driven by exploding data-center demand, following a strong third-quarter beat that lifted its shares ...