HP (HPQ) at Morgan Stanley Conference, Responding to Challenges

HP Inc. (NYSE:HPQ) is one of the 11 Best Tech Stocks Under $50 to Buy Now. On March 2, HP Inc. (NYSE:HPQ) took part in the Morgan Stanley Technology, Media & Telecom Conference 2026, where CFO Karen Parkhill discussed the company’s strategy and how it is dealing with current challenges.

The company reported a strong Q1 2026, with revenue rising 7% and EPS coming in at the high end of the guidance. However, HP Inc. (NYSE:HPQ) is facing higher memory costs and weaker demand for units. To deal with this, the company is following a mitigation plan that includes securing supply and raising prices.

HP (HPQ) at Morgan Stanley Conference, Responding to Challenges

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Additionally, HP Inc. (NYSE:HPQ) is focusing on long-term growth by investing in AI PCs, secure printers, and subscriptions. AI PCs made up 35% of shipments in the latest quarter, up from 30% and 25% in the previous quarters. This shows steady growth in this segment.

CFO Karen Parkhill also pointed out that the company’s AI-enabled cost savings program aims to deliver $1 billion in savings by fiscal year 2028, with $300 million expected in fiscal year 2026.

At the same time, Parkhill confirmed that HP Inc. (NYSE:HPQ) is currently searching for a new CEO and is looking for someone with experience in large, global, multi-segment businesses. Parkhill also noted that HP Inc. (NYSE:HPQ) has returned roughly $19 billion to shareholders over the past five years and is focused on delivering free cash flow and returning all of it to shareholders.

HP Inc. (NYSE:HPQ) is an American multinational technology company that is known for its AI-powered devices, software, subscriptions, and services that serve professionals and businesses.

While we acknowledge the risk and potential of HPQ as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than HPQ and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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