10 Overlooked Tech Stocks to Buy Now

7. HP Inc. (NYSE:HPQ)

P/E Ratio: 7.07

Hedge Fund Holders: 48

HP Inc. (NYSE:HPQ) is a global pioneer in personal computing, printing, and hybrid work solutions. It operates through three segments: Personal Systems, Printing, and Corporate Investments. The company, formerly known as Hewlett-Packard, was formed in 1939 and is based in Palo Alto, California. Its comprehensive range includes desktops, notebooks, workstations, retail POS systems, printers, and upcoming technologies such as 3D printing and industrial graphics solutions.

HP Inc. (NYSE:HPQ) reported a 2% year-over-year sales growth in the first quarter of 2025, ending December 31, 2024, owing to solid performance in its Personal Systems commercial division. Non-GAAP EPS was $0.74, slightly above the projection midpoints, indicating continued performance. Management underlined the importance of AI PCs, sophisticated compute solutions, and workforce technologies as major growth drivers, while redefining gaming as a core offering rather than a priority. HP’s investments in strategic innovation, such as the acquisition of Humane assets to improve AI capabilities across devices, are intended to future-proof the portfolio.

In a significant milestone, HP Inc. (NYSE:HPQ) announced a multi-year cooperation with Reincubate to create AI-powered video conferencing technology. The cooperation will use NPUs in next-generation AI PCs to enable entirely on-device, secure, and efficient AI computing, offering longer battery life and more immersive collaborative experiences. HP also showed off many AI-powered devices at CES 2025, including the EliteBook Ultra and Zbook Ultra, demonstrating its aggressive push into AI-enhanced computing.

Despite geopolitical concerns and tariffs affecting supply chains, HP Inc. (NYSE:HPQ) remains robust, projecting improved profitability in the second half of FY25, aided by Windows 11 refresh cycles and more AI PC use. With excellent free cash flow estimates and a commitment to shareholder returns, HP Inc. stands out as an overlooked tech stock with strong potential for long-term growth.