HP Falls On Warning Chip Shortage May Hurt Supplies By Investing.com
By Dhirendra Tripathi Investing – Shares of HP Inc (NYSE:HPQ) fell by more than 6% in Friday’s premarket as the company’s warning that the semiconductor chip shortage would limit its ability to supply personal computing devices and printers at least until the end of the year overshadowed its robust quarterly earnings. Notwithstanding shortage of raw materials that go into devices, the maker of desktops, laptops, printers and other IT peripherals retains a bullish outlook about the overall demand. But the company’s caution only added to what many have been fearing and that is that...
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