Buffett sells about 3.07 million HP shares at a loss, PC market not favored?
Hawk_Finance
2023-10-09 18:30:29
2.99W
Share to:
Collect
Hot List Ranking
- Federal Reserve's December resolution: On the hawkish attitude after a 25 basis point rate cutCristiano
- What is the debt ceiling that Trump wants to abolish?Wilson
- Nvidia's big move: Acquisition of Run:ai received unconditional EU approvalCristiano
- Trump publicly stated again: in favor of TikTok continuing to operate in the United StatesGlobal Finance
- Honda and Nissan, two major auto giants, announced the launch of merger negotiations and aim to reach a final agreement in June next year.Global Finance
Buffett bought Hewlett-Packard last year, with a stake of 11 at one point..4%, after holding for a year, recently began to sell HP shares, according to the purchase price at the time, the current part of the sale has a loss, HP's problems are mainly concentrated in two areas, one is poor earnings, last quarter earnings revenue fell 9.9%, lower than market expectations, while profits fell by 32%; followed by HP's monotonous business structure, still computer-based, due to the current personal PC market saturation coupled with the replacement of smartphones, the outlook is bleak, in fact, the U.S. technology stocks, there are also traditional and new technology stocks trend differentiation, artificial intelligence as a representative of the new technology stocks, and traditional technology without the concept of artificial intelligence, represented by HP, so far underperforming。
·Original
Disclaimer: The views in this article are from the original Creator and do not represent the views or position of Hawk Insight. The content of the article is for reference, communication and learning only, and does not constitute investment advice. If it involves copyright issues, please contact us for deletion.
Guess what you like