HP stock fell 9.16% to $28.92 in trading on October 30, 2026, following Intel’s warning about a PC slowdown and memory supply constraints. The decline came amid concerns about weaker demand and higher component costs, although the timing does not establish what caused the share-price move.

HP stock trades below its previous close

HP Inc. shares were down $2.91 from their previous close of $31.83. They opened at $27.30 and traded between $26.97 and $29.62 during the session. The $28.92 quote was an intraday price, not a closing price.

Trading volume stood at 15.34 million shares, compared with an average of 14.34 million. The stock’s 52-week range was $17.56 to $36.23.

Intel flags memory and PC demand pressures

Intel CEO Lip-Bu Tan said customers were signaling a slowdown because of memory prices and availability, and that computer makers were managing inventories to match softer PC sales. Higher component costs and constrained supply could put pressure on shipments and margins across the industry.

In Intel’s third-quarter earnings release, Chief Financial Officer David Zinsner said he expected the PC slowdown to continue at least through the first half of 2027. Intel also identified industry-wide memory shortages among its supply-chain risks.

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