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官方开奖结果体彩网:artificial intelligence (AI) machines could be a key driꦉver of growth beꦰginning 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官方开奖结果体彩网:Earnings per share (EPS) came in at $0.97 after a loss of $0.02 the year before. Both overall revenue and EPS w🅰ere in line with estimates.  🃏

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 sli𒉰d after the news, but rallied and were up over 2% in intraday trading Wednesday. They’re over 6% higher so far this year.