London, May 23, 2026, 17:03 BST
- Raspberry Pi jumped 11.29% to finish at 749p on Friday. The FTSE 250 added 0.96%.
- The shares ended the week up roughly 6.5%. They fell on Tuesday but bounced back hard Thursday and Friday.
- London markets are closed for the weekend and will stay shut Monday because of the Spring Bank Holiday.
Raspberry Pi Holdings (RPI) sits near a new high as it heads into a short trading week, following Friday’s 11.29% jump. That move beat the FTSE 250 and put the company’s market cap around £1.45 billion. Hargreaves Lansdown data had the shares closing at 749p, with the market shut at time of publication.
That’s shaping up as a test for investors on Tuesday, with Friday’s move still in question. The London Stock Exchange is shut Monday, May 25, for Spring Bank Holiday, so the market will only have four days this week to see if there’s any follow-through.
No new regulatory news came out the same day. Raspberry Pi’s regulatory feed showed its last RNS was a May 11 director or senior manager transactions notice. The investor website still listed the May 22 Peel Hunt interview with founder and CEO Dr Eben Upton.
Peel Hunt has a page titled “Raspberry Pi and AI: Interview with Dr Eben Upton CBE, Founder and CEO,” and lists Peel Hunt analyst Damindu Jayaweera among its contacts. The AI angle isn’t new but returned to traders’ screens after Friday’s price move. Peel Hunt Technology
Raspberry Pi shares had a choppy week. The stock finished last Friday at 703p, dropped to 643p by Tuesday, and went lower to 631p Wednesday. It bounced to 673p by Thursday, then ended the week at 749p on Friday. Shares were up around 6.5% for the week.
Raspberry Pi led FTSE 250 gainers by mid-morning Friday, with shares up 6.1% at 714p, Alliance News reported. The UK tech sector was active. Softcat rose after it raised its outlook, pointing to AI infrastructure demand. Ceres Power advanced after news involving a partner.
Raspberry Pi makes high-performance single-board computers, compute modules, and semiconductors. The company sells to industrial users and OEMs that use Raspberry Pi tech in their own products. Hobbyists and educators also use Raspberry Pi gear.
The stock has kept rising after bouncing back sharply from pressure earlier this year. In February, Reuters said the shares jumped up to 42% over two days on news of Upton buying in and talk around Raspberry Pi products possibly being used for cheaper AI projects. The company responded that “nothing from the company side beyond what’s already in the public domain.” Reuters
Raspberry Pi’s numbers improved in March. The company posted 2025 revenue of $323.2 million, up 25%, and adjusted EBITDA of $46.4 million, up 25% as well. Profit before tax came in at $26.5 million, a jump of 63%. Adjusted EBITDA is the company’s measure for earnings before interest, tax, depreciation and amortisation.
Raspberry Pi shipped 7.6 million units in 2025, up from 7.0 million the year before. Semiconductor device volumes topped boards and modules for the first time. Upton said in the March report he was “more confident than ever” in the company’s long-term outlook. Investegate
Raspberry Pi says memory costs are still the main issue. DRAM, or dynamic random-access memory, is short-term memory found in a lot of devices. The company expects the current DRAM supply situation to last into next year, which is creating some uncertainty for its outlook in the second half.
Raspberry Pi has pushed higher memory costs to its channel partners, CEO Upton told Reuters in March. “It’s probably not done,” he said about those increases and said the company will keep passing them through. That’s tough for a company long known for cheap computers. Reuters
Risks for the coming week center on DRAM. If prices hold at these levels, or supply in high-density chips gets squeezed, or if buyers resist steeper pricing, Friday’s gains could reverse. Shares near new highs won’t get much support from soft hopes.
Buyers will get their chance after the long weekend. AJ Bell posted a high of 759.5p in Friday trading, which was also its year high, and ended the day close to that mark. Clearing that price could help the AI and industrial demand trade, but if shares drop under 749p, it might point to last week being just a holiday squeeze, not the start of another move.
