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Billionaire investor David Einhorn says buying HP stock is a cheap way into the AI craze

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David Einhorn said computer hardware maker HP could eventually benefit from AI .

He said HP stock trading around 10x earnings looks "very reasonable" The Greenlight Capital founder said his firm isn't necessarily interested in the parts of the market where investor enthusiasm is highest.

The company is trading at $ 36.21 per share as of 2 p.m. ET Thursday .