🔴 HP is trading 8% down today after weaker margins and rising memory-chip costs

HP is trading 8.22% down now at $28.01 after investors looked past its August 26 earnings beat and raised fiscal-year outlook.

• The selloff follows a 16% decline in PC shipments, weaker margins, rising memory-chip costs, and concern tariff refunds are supporting guidance; Reuters said price increases were insufficient to offset cost pressures.
• Bloomberg cited worries about future computer and printer demand. HP fell from its August 26 close of $30.52, reversing the prior session’s 3.39% gain, despite technology-sector strength.