HP Inc shares rise 8.05% and outperform competitors
Updated
Updated · MarketWatch · May 8
HP Inc shares rise 8.05% and outperform competitors
8 articles · Updated · MarketWatch · May 8
The stock closed at $22.68 as the S&P 500 gained 0.84% to 7,398.93 and the Dow Jones Industrial Average edged up 0.02% to 49,609.16.
HP remained 23.25% below its 52-week high of $29.55, reached on 9 September, while trading volume of 21.4 million topped its 50-day average of 18.0 million.
Among peers, Apple rose 2.05%, Hewlett Packard Enterprise gained 5.56%, and Dell Technologies climbed 13.11%, meaning HP beat some rivals but lagged Dell on the day.
As Dell dominates the AI server boom, is HP's pivot to AI laptops a winning bet or a costly distraction?
With memory costs doubling, can HP's AI PC strategy save its profit margins from collapsing?