HP Inc's stock surged 5.07% during intraday trading on Monday, marking a significant upward movement for the technology company.

The sharp rise appears to be driven by HP's announcement of its latest devices and solutions designed for AI development, including PCs powered by NVIDIA's RTX Spark platform. HP previewed upcoming notebooks and desktops built for the next wave of Windows PC experiences, reinforcing its position in the growing AI PC market. The company is among the manufacturers partnering with NVIDIA to build laptops using the new chip, which NVIDIA described as "the most efficient PC chip ever built."

Adding to the positive sentiment, the broader software and technology sector showed strength during the session, with multiple related stocks advancing following NVIDIA's product unveiling at the Computex event in Taipei. HP's collaboration with NVIDIA on AI-agent-ready PCs has generated optimism about the company's growth prospects in the evolving AI hardware landscape.