Last Wednesday, HP Inc (NYSE:HPQ) issued a mixed fiscal third quarter report. Following the promise of CEO Enrique Lores that better results are coming with the AI-powered PCs ramp up and cost cuts, stock jumped 4% the following day.

HP followed the trend previously shown by its rival Xerox Holdings Corporation (NASDAQ:XRX). With its latest earnings report, Xerox also reported weak earnings and issued a cautious guidance. But unlike Xerox that reported a revenue decline in its second quarter, HP Inc reported its first sales increase in two years, fueled by resurgence of corporate computer purchases and Microsoft...