On September 9, HP Inc rose 5.33% in regular trading, trading at $32.555/share, with turnover of $203 million. The rally was driven by HP's announcement of a collaboration with IBM's Red Hat and Nvidia to develop an enterprise AI platform.

According to the announcement, the platform integrates HP's ZGX Fury, powered by Nvidia Grace Blackwell technology, with Red Hat AI Factory, enabling enterprises to run AI workloads locally, in the cloud, or across hybrid environments. The platform delivers up to 20 PFLOPS of FP4 AI performance while reducing setup time and deployment risk, and improving GPU utilization through optimized CUDA libraries, scheduling, and multi-GPU workload management.

The partnership marks a significant step in HP's AI infrastructure push and appears to have eased investor concerns that had weighed on the stock following its Q3 earnings report. While HP posted Q3 revenue of $15.7 billion, up approximately 13% year-over-year, and raised full-year adjusted EPS guidance to $3.19–$3.29, PC shipment volumes declined 16% and management flagged Q4 margin pressure as a near-term headwind, with recovery expected through fiscal year 2027.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)