Buffett sells about 3.07 million HP shares at a loss, PC market not favored?
Hawk_Finance
2023-10-09 18:30:29
2.92W
Share to:
Collect
Hot List Ranking
- What offers has Trump made so far?Cristiano
- Ningde Times: Will build a large-scale energy system,"ten times" larger than the battery businessGareth
- The dollar rose to 155 against the yen, and the Bank of Japan may interveneGareth
- U.S. inflation data ruins goldCristiano
- Why should we invest in gold instead of stocks in 2025?Cristiano
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