HP Inc. (HPQ) managed to best its fiscal second-quarter earnings estimates, posting $12.8 billion in revenue (expected $12.6 billion) and adjusted earnings of $0.82 per share ( expected $0.81 per share), slightly revising its full-year forecast. The computer company also reported a rise in PC sales as demand returns to the industry on anticipated AI innovations.

HP Inc. CEO Enrique Lores sits down with Yahoo Finance Executive Editor Brian Sozzi to talk about the earnings figures, consumers' needs to "refresh" and upgrade their personal tech, and what HP will be bringing to the table with its AI-powered devices.

"This is the first quarter in eight where our PC business grew and [was] especially driven by the commercial side, both enterprise and SMB [small and medium-sized businesses]," Lores says, later adding: "There is a significant need to refresh now because of how old the install base is, and second, we think that AI is going to be very impactful. But the penetration is going to take some time."

Envisioning AI PCs to grow from 10% at launch in 2024 to 46% of the market in three years, Lores explains that HP computers will be equipped with two processors to handle the workload: "There has been a lot of work to make sure that not only we cope with the demand of our customers, but we really can excel the expectations that our customers are going to have."

For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime.

This post was written by Luke Carberry Mogan.