HP's ZGX Fury workload doubles with Nemotron 3 Super tuning

HP's collaboration news arrives after a sharp pullback in its shares, with the stock down 9.6% over one day and 14.5% over the past week, yet still holding a 30.1% year to date gain and a 9.3% one year total shareholder return. Against that backdrop, the Infinity.inc demonstration offers a concrete data point for HP's AI workstation lineup: tuning NVIDIA's Nemotron 3 Super on the ZGX Fury doubled concurrent workloads without touching the underlying GB300 hardware. The body also notes a shift in HP's Personal Systems segment from unit-led growth to higher pricing and richer configurations, evidenced by an 18% revenue rise in Q3 2026 despite a 16% decline in PC unit shipments. That mix shift and the workstation tuning result sit alongside valuation debates: HP last closed at $28.78, above a narrative fair value of $27.31 that implies 5% overvaluation, while a P/E of 10.6x compares with 17.7x for the global tech industry and a fair ratio of 25.5x for the stock itself. How the market weighs the AI hardware momentum against the recent pullback and the pricing-led segment shift is likely to shape the next phase of the story.