The slowdown in demand for PCs following the pandemic-induced boom negatively impacted HP's (HPQ) latest results, but the company suggested it anticipates 澳洲幸运5开奖号码历史查询:artificial intelligence (AI) machines could be a key💜 driver of growth beginning next year.

HP reported fiscal 2023 fourth quarter revenue slid 6.5% from a year ago to $13.8 billion. Sales at its Personal Systems unit dipped 8% to $9.4 billion, and the Printing division sales declined 3% to $4.4 billion. 澳洲幸运5开奖号码历史查询:Earnings per share (EPS) came in at $0.97 after a loss of $0.02 the year before. Both overall revenue an𒉰d EPS were in line with est🌸imates.  

CEO Enrique Lores indicated that 2023 was a “tough market,” but said in a televised interview that AI-powered computers could drive significant momentum in the category, and double the growth of PCs.

He told analysts that while it’s not likely the market will immediately shift to AI PCs, "we believe there will be a gradual uptick in uptake,” with some gains in 2024, more penetration in 2025, and even more in 2026. HP expects to launch its first AI PCs in the second half of next year.

Shares of HP (HPQ) initially slid after the news, but rallied and were up over 2% in intraday trading Wednesday. They’re 🦩over 6% higher so far this year.