Hewlett-Packard Co (HPQ-N)

The AI PC has disappointed--he expected it to mean more and doesn't expect it to. There are better stocks out there, despite a low 9x PE and 3.64% dividend. Shares are -8% the past month. Nothing will move the needle here.

They surprised people with that offering, but shares are cheap now at $17.

They lead the coming new cycle in PCS, driven by AI. HP unveiled its line of AI PCs 3 weeks ago, then reported a great quarter. Shares are up 20% in the past month.

Yesterday, they reported a fantastic quarter, making it clear that the build-out of data centres is not done and in fact are in the early innings of AI.

HP jumped 30% in May after unveiling a new line of AI PCs--and there's a PC refresh cycle coming fueled by AI. HP could be the first. Also, HP delivered an earnings beat last week.

It's not Dell. But they have the new AI PC. Should do well next quarter, not this one.

Pivoting into the networking space. Buying Juniper Networks. Own it here, south of $28, and just below $27.

They just reported, up 15% this year so far. But the quarter was mixed though mostly beat expectations: sales were a tad light, earnings beat though, excellent cash flow, good operating margin and raised their full-year forecast.

Imaging and printing, personal computing, SaaS. Proceeds from SHOP and NVDA were used to buy this one. Reminds him of ORCL. Strong cashflows, mature business, stable market share, returning significant amounts back to shareholders, progress on efficiencies. Attractive PE in mid-teens. Price target of $39.50. Different from HPE stock. Yield is 3.59%.