HP Stock Faces Weekend Setup as AI-PC Gains Run Into Cost Pressures
HPQ surged $2.04 to close at $27.04 Friday after a 9% revenue jump to $14.4B and a 13% rise in PC revenue, despite 7% fewer units shipped. AI PCs made up 44% of shipments. HP warned of margin pressure from higher memory-chip costs and forecast a “high teens” percent drop in PC unit market for the second half. Q3 EPS guidance: $0.61–$0.71. Full-year EPS: $2.90–$3.10. UBS raised its target to $26 but kept a Neutral rating.