Was Jim Cramer Right About These 11 Stocks?

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9. HP Inc. (NYSE:HPQ)

Number of Hedge Fund Holders: 47

At the time, a viewer asked about HP Inc. (NYSE:HPQ), expressing concern that the stock wasn’t improving despite being near 52-week highs. Cramer gave a measured response, noting what he referred to as the “new AI PC cycle”:

“Well, it is straight up — it’s straight up from $28. They do have the new AI PC. I think it could probably sell off. I don’t know whether this is going to be the breakout quarter — but the next quarter will be the breakout. So I think if the stock goes down, then you want to pick some up. It’s not Dell — that’s the main thing you need to know. Dell is best integrated when it comes to Nvidia, and you’ve got to get right with Jensen.”

Cramer’s AI PC optimism didn’t hold up as HPQ is now down 14.30%. HP Inc. (NYSE:HPQ) is introducing AI-enhanced personal computers while facing headwinds from weak global PC demand and intense competition.

On April 28, Cramer completely changed his stance on the stock. Here’s what he said recently:

“It will not be the needle mover for HPQ, and I do not like the PC business. So I’m going to have to suggest that you do not buy that stock. If you look at how it’s done, it’s not been a good one.”

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