HP Inc. stock bounced from its 52-week low of $18.31, which represented a 37.54% decline over the past year. The recovery occurred as memory chip concerns eased across the tech sector following Cisco's memory-price warning that created ripple effects. Morgan Stanley revised its 2026 PC shipment projections downward, expecting a decline exceeding 5% year-over-year due to weakening consumer demand from higher memory-related prices. However, the broader tech sector showed recovery signs. HP announced a cash dividend of $0.30 per share and renewed a multi-year security agreement with Karamba Security for its printer products. The company also reportedly considered sourcing memory chips from Chinese manufacturers as part of adjusting to global supply chain challenges. These developments occurred amid the company's navigation of memory chip shortage impacts on PC production.
Read full analysisHP Inc. stock bounced from its 52-week low of $18.31, which represented a 37.54% decline over the past year. The recovery occurred as memory chip concerns eased across the tech sector following Cisco's memory-price warning that created ripple effects. Morgan Stanley revised its 2026 PC shipment projections downward, expecting a decline exceeding 5% year-over-year due to weakening consumer demand from higher memory-related prices. However, the broader tech sector showed recovery signs. HP announced a cash dividend of $0.30 per share and renewed a multi-year security agreement with Karamba Security for its printer products. The company also reportedly considered sourcing memory chips from Chinese manufacturers as part of adjusting to global supply chain challenges. These developments occurred amid the company's navigation of memory chip shortage impacts on PC production.
HP Inc. is one of the world's largest makers of personal computers and printers, spun off from Hewlett-Packard in 2015. The company recently saw CEO Enrique Lores depart to lead PayPal, with Bruce Broussard serving as interim CEO. HP's heavy exposure to PC hardware and reliance on memory components makes it particularly vulnerable to the current global memory chip shortage and the weakening PC demand outlook flagged by Morgan Stanley.