London, Feb 18, 2026, 09:11 GMT — Regular session
Raspberry Pi Holdings RPI.L surged 25.2% to 519.5 pence out of the gate in London, with a burst of buying pushing it as high as 550.5 pence. That rally has injected new energy into the FTSE 250’s mid-cap tech names.
This comes after Raspberry Pi jumped sharply across two sessions, finishing Monday at 305 pence and then closing out Tuesday at 415 pence, market data show. Moves like that pull in quick traders, chasing either the momentum or the narrative.
A spike followed news that CEO Eben Upton picked up shares, as chatter swelled on social media about the company’s budget-friendly computers powering DIY AI efforts. Two traders in London told Reuters they couldn’t pinpoint the exact cause. The company, for its part, stated: “There’s nothing from the company side beyond what’s already in the public domain.” Reuters
According to a regulatory filing, Upton picked up 4,684 shares on Feb. 16, paying an average £2.82327 each—roughly £13,224 total. That takes his stake to 2,591,136 shares. The notice lists him as a PDMR, or “person discharging managerial responsibilities,” meaning his trades fall under mandatory UK disclosure rules. London South East
Much of the chatter online has zeroed in on open-source projects like OpenClaw, and there’s talk—via Proactive Investors—about a Raspberry Pi board powering a budget “AI command centre.” Deutsche Bank analyst Robert Sanders flagged the trend, saying “no wonder alarm bells are ringing,” as LPDDR4 memory prices spike. That type of RAM goes straight into the bill for hardware. Proactiveinvestors UK
Raspberry Pi relies on single-board computers, modules, and an assortment of accessories and chips, along with software picked up by everyone from engineers to DIY fans and industrial clients. This combo leaves the stock exposed—supply-chain jolts or shifting sentiment can move it fast.
Still, there’s no such thing as a free ride here. When a stock surges this much on talk and bets, the gains can vanish fast if buyers pull back—or if fresh headlines don’t prove that talk is turning into real demand and margins.
Raspberry Pi’s FY2025 results land March 31, giving investors a clearer look at the fundamentals. The company has flagged memory-cost pressures and supply challenges—both could muddy the outlook past the first half of 2026. “Despite a challenging memory supply environment, our supply chain discipline has enabled us to meet expanding customer demand,” Upton said in the January trading update. investegate.co.uk
