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Benzinga
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DeepSeek News Plunges IT Hardware Stocks, But Analyst Sees 5 Bright Spots Among Tech Giants

1. IT hardware stocks decline after DeepSeek news influences market sentiment. 2. BofA analyst favors non-AI stocks like Corning and HPE for recovery. 3. Corning exhibits growth through upcoming Investor Day and solar opportunities. 4. Hewlett Packard expects significant EPS growth linked to cost synergies. 5. Western Digital's spin-off may unlock substantial value for shareholders.

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FAQ

Why Bullish?

Despite the recent drop, positive analyst insights may boost long-term confidence in specific stocks. Past examples show that analysts favorably rating stocks can stabilize or elevate their prices.

How important is it?

The article highlights essential stocks that could affect the overall market. Analyst insights into key drivers can influence investor behavior and sentiment.

Why Long Term?

Analysts' recommendations often lead to long-term trends influencing stock prices. Historical data indicates that positive projections can drive sustained investor interest.

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