HP Warns Memory Raises PC Component Costs

Hewlett-Packard CEO Enrique Lores warned during a recent earnings call that memory now represents roughly 35% of HP's PC bill of materials, driven by rising DRAM prices. He attributed the pressure to AI-driven HBM demand, the DDR5 transition, and constrained supply, which may force higher PC prices and delayed enterprise refresh cycles. HP plans tiered SKUs and supply negotiations to manage margins.