10 Best Computer Hardware Stocks to Buy According to Billionaires

6. HP Inc. (NYSE:HPQ)

Number of Billionaire Investors: 13

Billionaire Holdings: $393 Million

Number of Hedge Fund Holders: 48

HP Inc. (NYSE:HPQ) is a global provider of personal computing, printing solutions, and 3D printing technologies. The company’s product line includes the HP Spectre and Envy series of premium laptops, commercial and consumer printers, and industrial 3D printing systems.

In its Q1 2025 (FY ends in October) on February 27, the company reported a 2.4% year-over-year growth in revenue of $13.5 billion which was in-line with expectations. Adjusted EPS for the quarter was $0.74, which was near the top end of its guidance of $0.70-0.76. The company is currently working on initiatives to save costs and recently announced plans to cut 1,000 to 2,000 employees through FY 2025 which will save an additional $300 million per year.

That said, the company’s Q2 adjusted EPS guidance of $0.75-$0.85, was below consensus which currently sits at the top of that range ($0.85). While the rising component costs and US tariffs on imports from China are weighing on profit, the company has reduced its supply chain exposure to China to around 10%, which allayed some concerns.

Following the results, Evercore ISI analyst Amit Daryanani maintained his Buy rating on the stock with a price target of $40, implying an over 40% upside potential.