AI-Enabled Personal Computer Stocks Up 5% In February; Now Up 6% YTD

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Introduction

The AI Personal Computer (PC) market is set to explode in 2024 according to analysis by research firm Gartner, which says PC vendors will increase AI-enabled PC shipments from 10% of PC shipments in 2023 to 22% in 2024 and, according to the research firm, Canalys will rise at a 64% CAGR by 2027 and make up around 37% of all PCs shipped in 2025, 53% in 2026 and 60% in 2027.


What Are "AI-enabled PCs" and What Is Their Unique Selling Proposition (USP)?

“AI-enabled PCs” are personal computers outfitted with chips (neural processing units, or NPUs) capable of running large-language models and apps directly on the device, instead of the cloud, allowing for AI to be run locally on the computers themselves and being able to be used whenever and wherever – even without an internet connection.


Which Companies Have Or Will Be Launching AI PCs in 2024?

Below is what the major AI-capable PC manufacturers have in the works for introduction in 2024 or, in some cases, have already done so with their stock performances in February and YTD along with a description of their business focus, and their latest news, commentary and/or analysis.

  1. Dell Technologies Inc. (DELL): UP 14.2% in February; UP 23.7% YTD
  2. Lenovo Group Limited (LNVGY): UP 5.1% in February; DOWN 21.3% YTD
  3. Motorola Solutions Inc. (MSI): UP 3.4% in February; UP 5.5% YTD
  4. HP, Inc. (HPQ): DOWN 1.3% in February; DOWN 5.8% YTD 

Summary

The stocks of the above 4 companies were, on average, UP 5.2% in February, and are now UP 6.2% YTD.


Conclusion

 If the AI PCs category does, in fact, rise at a CAGR 64% between now and 2027 then we can expect the AI-enabled PC revolution to really take off later in 2024 when all 4 players are fully participating.


More By This Author:

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Disclosure: None

This article has been composed with the exclusive application of the human intelligence (HI) of the author. No artificial intelligence (AI) technology has been deployed. ...

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