Stock Track | HP Inc Plummets 5.12% Intraday as Citrini Research Recommends Shorting Due to On-Device AI Concerns

Stock Track12-18

HP Inc (HPQ) shares fell sharply by 5.12% during intraday trading on Thursday, following a bearish recommendation from Citrini Research. The research firm suggested shorting HPQ, along with other PC and laptop manufacturers, citing concerns about the impact of on-device AI on demand for traditional computing devices.

Citrini Research highlighted that the shift toward AI models running locally on devices could reduce the need for frequent hardware upgrades, negatively affecting companies like HPQ. The firm also noted potential price pressures and weaker demand resurgence in the PC and laptop market, further justifying its short recommendation.

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