HP (HPQ) Morgan Stanley Technology, Media & Telecom Conference summary

Macroeconomic and geopolitical environment

• Rapid global changes and unpredictability are driving scenario planning and supply chain diversification.

• Tariffs and US-China relations are key variables, with efforts to mitigate risks and seize opportunities.

• Supply chain has shifted to less reliance on China, with new factories in Southeast Asia and other regions.

Federal government exposure and strategy

• US federal business is a small but relevant segment, with both risks and opportunities from policy changes.

• Investments in technology for productivity could offset potential negative impacts from workforce reductions.

• A dedicated team is positioned to grow federal business and adapt to changing needs.

AI and strategic acquisitions

• Recent acquisition of Humane brings patents, software, and AI talent, accelerating AI integration.

• Focus on enabling AI at the edge and seamless device communication for a simplified customer experience.