2023-12-29 18:10:35
Dec. 29 – ** Shares of Dell Technologies DELL.N are up about 90% this year, Lenovo Group 0992.HK is up 70% and HP Inc HPQ.N is up 12%, including moves in the session, thanks to the recovery of the personal computer market and expected demand for computers integrated with artificial intelligence
** The global personal computer market is regaining strength after facing a supply glut for nearly two years following a pandemic
** Shares of Dell and HP fell more than 28% in 2022 as high inflation undercut discretionary spending on electronics
** Research firm Canalys expects the adoption of artificial intelligence PCs to accelerate from 2025 and represent around 60% of all PCs shipped in 2027
**The PC market is expected to return to 8% growth in 2024 as customers look to refresh pandemic-era PCs and as new AI-enabled devices emerge, according to Canalys
** Positive results recorded by chipmakers Intel Corp INTC.O and Advanced Micro Devices
AMD.O also shows that the PC market is accelerating and stabilizing
** AMD Chief Executive Officer Lisa Su said she “expects some growth through 2024 as we think about the smart computer cycle and some of the Windows refresh cycles ( Microsoft) ”
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