On September 18, HP Inc rose 5.05% in regular trading, trading at $34.35 per share, with turnover of $236 million. The rebound was primarily driven by a broad-based rally across the computer hardware sector.

On the news front, the Technology Hardware, Storage & Peripherals sector saw significant upward momentum, with Super Micro Computer surging 10.08%, SanDisk up 4.84%, and Dell Technologies gaining 3.85%. The sector linkage effect was pronounced, as AI infrastructure investment enthusiasm continued to buoy hardware names. Dell Technologies had previously reported results that significantly beat expectations and raised full-year guidance, reinforcing optimism around AI-driven demand across the sector.

HP Inc had recently come under pressure after RBC initiated coverage with a Sector Perform rating and a $33 price target, citing margin pressures and secular declines in the Print segment. Despite near-term headwinds from rising memory and storage costs weighing on Personal Systems margins, HP posted Q3 revenue growth of approximately 13% year-over-year to $15.7 billion and raised its full-year adjusted EPS guidance to $3.19-$3.29, above the FactSet consensus of $3.05. Management expects margin recovery to begin sequentially in fiscal year 2027.

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