During an interview with CNBC’s Jim Cramer, HP CEO Enrique Lores shared his belief that artificial intelligence (AI) will have a profound impact on the personal computer industry, including his own company.

These innovative PCs are expected to be available as early as 2024.

On Tuesday, HP published its second-quarter earnings report, which fell short of expectations with a revenue of $12.91 billion, below the Refinitiv estimate of $13.07 billion. Despite this, the company exceeded expectations in terms of second-quarter earnings and has revised its full-year forecast upwards.

CEO Enrique Lores remains optimistic about the company’s performance in the second half of the year. He expects a significant improvement as HP concludes its channel inventory reduction efforts and prepares for a boost in sales during the end-of-year shopping season.

Source: Pro Pakistani