REDMOND, Wash. - HP Inc (NYSE:HPQ). has introduced its latest innovations in ultra-mobile personal computing with the launch of the HP OmniBook X AI PC and HP EliteBook Ultra AI PC. These next-generation AI PCs, revealed at Microsoft (NASDAQ:MSFT)'s AI Vision Event, are designed to meet the growing demands for flexibility in work and creativity, leveraging the latest ARM architecture and a dedicated Neural Processing Unit (NPU) capable of 45 trillion operations per second.
The new HP OmniBook X and HP EliteBook Ultra are touted as the world's most powerful and secure ultra-mobile AI PCs, boasting up to 26 hours of battery life. Aimed at professionals and freelancers who require high mobility without compromising on performance, these devices feature the Snapdragon X Elite processor and are equipped to handle AI-driven tasks directly on the machine, ensuring efficiency and privacy.
HP's commitment to sustainability is evident in the design of these devices, which incorporate 50% recycled aluminum in the covers and 100% sustainably sourced materials for packaging. Both models have achieved EPEAT Climate+ Gold Registration and ENERGY STAR Certification, reflecting the company's dedication to environmental responsibility.
The PCs come with innovative features such as the Poly Camera Pro for enhanced virtual interactions, HP AI Companion for device optimization, and Wolf Pro Security Next Gen Antivirus for robust security against AI-generated threats. These features are expected to cater to the needs of a workforce that increasingly relies on AI tools for productivity.
The HP OmniBook X AI PC will start at $1,199.99 with 1 TB storage, while the HP EliteBook Ultra AI PC will start at $1,699.99. Both devices are available for pre-order on HP's website and are scheduled to begin shipping on June 18, 2024.
This announcement is based on a press release statement from HP Inc. and reflects the company's efforts to push the boundaries of personal computing in an era where AI and mobility are becoming integral to professional success.
InvestingPro Insights
HP Inc.'s (HPQ) recent unveiling of the HP OmniBook X and HP EliteBook Ultra AI PCs underscores the company's innovative edge in the technology hardware space. With a market capitalization of $31.12 billion, HP stands as a significant player in the industry. The company's dedication to shareholder returns is notable, with a dividend yield of 3.53% and a history of raising its dividend for 7 consecutive years, demonstrating a commitment to providing consistent returns to investors.
InvestingPro Tips highlight HP's status as a prominent player in the Technology Hardware, Storage & Peripherals industry, with the firm trading at a low price-to-earnings (P/E) ratio of 7.74 in the last twelve months as of Q1 2024. This indicates that the stock may be undervalued relative to its near-term earnings growth potential, offering an attractive entry point for value investors. Additionally, the company's strong free cash flow yield suggests that it is generating ample cash, which may support further dividends or share repurchases.
Despite challenges such as weak gross profit margins, which stand at 21.86% for the same period, HP's stock has shown low price volatility, which might appeal to investors looking for stability in their portfolio. Moreover, analysts predict profitability for the company this year, reinforcing the positive outlook for HP's financial performance. For those interested in a deeper analysis, there are over 10 additional InvestingPro Tips available, providing a more comprehensive view of HP's financial health and investment potential.
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