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Dell, HP Shares Hit by Growth Worry as Fed Tightening Looms

  • Computer shipments seen dropping in 2022 as economy slows
  • Dell, HP shares have slumped as analysts turn more bearish
Updated on

These are tough times for hardware stocks.

Investors are souring on Dell Technologies, HP Inc., and Hewlett Packard Enterprise Co. on concern that surging inflation will curb consumer spending. At the same time, the Federal Reserve’s effort to damp those price increases is likely to crimp the economy in coming months, further denting sales.