Berkshire Hathaway invests in HP

Warren Buffett's Berkshire Hathaway says it has purchased nearly 121 million shares of computer and printer maker HP, a sign that "HP is still a valuable company," according to an analyst. The large investment amounts to a roughly 11% stake in HP worth some US$4.2 billion, per Reuters, making Berkshire the largest shareholder and sending the share price up on the news. HP beat revenue expectations in the first quarter of 2022 and "offered up an upbeat outlook despite ongoing supply-chain constraints and a slowing PC market."