HP Inc's stock surged 8.24% during intraday trading on Friday, reflecting strong investor interest in the technology hardware company.

The price movement appears to be driven by investor optimism around HP's AI-driven operational streamlining, which includes plans to cut 4,000-6,000 jobs globally by end-2028 as part of efficiency measures. This aligns with broader industry trends where companies are investing in artificial intelligence to optimize operations.

Additionally, bullish option flow was detected in HP Inc with 15,416 calls trading at 1.6 times expected volume and implied volatility increasing over 1 point to 56.73%, indicating strong positive sentiment among options traders.