HP Shares Are Picking Up Momentum— But Goldman Sachs Isn't Buying It - HP (NYSE:HPQ)

Shares of HP Inc. (NYSE:HPQ) were in focus on Monday following Nvidia Corp.'s (NASDAQ:NVDA) blockbuster unveiling of its RTX Spark Superchip at Computex 2026. The announcement pushed HPQ's week-on-week Benzinga Edge momentum score to an 82.28th percentile, capping off a massive 40.85% rally over the month.

The Structural Shift In PCs

Nvidia’s aggressive entry into consumer hardware aims to fundamentally reshape the personal computer ecosystem by running advanced AI agents locally.

The new Arm Holdings PLC (NASDAQ:ARM)-based chip, co-developed alongside MediaTek and Microsoft Corp. (NASDAQ:MSFT), positions HPQ as a primary launch partner for next-generation AI PCs hitting the market this fall.

HPQ has already confirmed a robust rollout of upcoming laptop and desktop models utilizing the new architecture. This secular shift toward Windows on Arm has injected heavy optimism into the market, triggering a swift upward adjustment in Benzinga's proprietary technical rankings.