New york: HP: HP (HPQ.N) beat analysts' estimates for second-quarter revenue and profit on Wednesday, supported by strong demand for AI-optimized personal computers. However, the company has cautioned that rising memory costs could pressure margins.
According to Radio Television Brunei, PC makers, including HP, Dell Technologies (DELL.N), and China's Lenovo Group (0992.HK), are facing a shortage of memory chips. This shortage is driven by data center buildouts consuming capacity, leading to price increases for smartphones and PCs.