🔴 HP is trading 10.62% down in pre-market as Intel warns of prolonged PC slowdown

HP is trading at $28.45, down 10.62%, as Intel’s warning of a prolonged PC slowdown weighed on PC makers.

• HP fell alongside Dell amid weaker shipments and higher memory costs weighing on the outlook for PC makers.
• A broader technology selloff added pressure as investors reassessed returns on heavy AI spending after disappointing results from major technology companies.
• No new HP-specific earnings announcement or company event was identified for October 30.