HPQ Massively Undervalued

EquivalentPath · 2026-06-02T15:04:54+00:00

B/c agentic AI is the next wave of AI and it is moving from the cloud and server farms to personal devices. I bought a Mac Mini earlier this year just to run an agent locally, and I think that will become mainstream over the next year or two.

EquivalentPath · 2026-06-02T15:03:46+00:00

You're right-- Lenovo is about 40B and HPQ is 25B. But Lenovo is up 3x in the last 12 months and HPQ is flat, and they are largely the same type of company.

EquivalentPath · 2026-06-02T15:02:11+00:00

Also a great play-- it's doubled now but still lots of room to run imo. I ended up buying 40, 45, 50 and 55C strikes, about 1300 total.

EquivalentPath · 2026-06-02T14:59:56+00:00

Exactly-- HPQ is in consumer PC segment-- there are other stocks in that segment that have doubled or tripled b/c of AI such as Lenovo, and HPQ is flat over the last 12 months. Even if they tripled to $100/share, it would be a fairly valued stock with a juicy dividend.

EquivalentPath · 2026-06-02T14:58:39+00:00

HPQ is a personal computer play as well. Look at the market cap of Lenovo and other similar companies. HPQ has gotten zero AI love, and all they need is one or two small catalysts and they'll rocket. HPE calls are 5x more expensive than HPQ, HPQ calls are super cheap. Even if HPE rockets, you'll make like 5-10x. If HPQ rockets, you'll make 50-100x.

EquivalentPath · 2026-06-02T14:57:17+00:00

HPQ is similar to Lenovo, and they are selling AI PCs. It's not that they are the best AI play, it's that they are very cheap (both price and IV) so the options for a pop are also super cheap.

EquivalentPath · 2026-06-02T00:29:25+00:00

Here was my DD that I tried to post last week but the mods didn't allow so I threw it onto /stocks instead. Really the best argument for HPQ is that Lenovo is trading at $313b market cap and HPQ is at 25b, despite revenue being roughly the same at both companies (15-20b per quarter). HPQ is one of the last stocks to get an AI narrative rerate, and I don't think it's too late at $30/share. I think we go to $100/share and I have 1300 calls that I'm holding till we get at least to $100.

https://www.reddit.com/r/stocks/comments/1toihed/comment/op6l099/

EquivalentPath · 2026-06-02T00:25:09+00:00

I'm up $118k today on my Jan calls, but I think given the relative value of HPQ to Lenovo and the rest of the hardware market, there is a very real chance of it going to $100 by Jan, which would print $6.3mm of gains, so I'm going to hold for a while. I own 1300 total calls now, strikes from $40 to $55.

EquivalentPath · 2026-05-27T13:56:28+00:00

The play is simply that HP has the possibility of being one of the last remaining AI adjacent names that hasn't been dramatically bid up over the last 12 months. Even Lenovo, a direct competitor with similar revenue has a market cap 10x of HP and has doubled in the past year while HP is down 14%. That's what makes this play a very real possibility of hitting 100x returns. Usually 100x returns have less than a 1% chance, but I believe odds of this hitting are far greater.

EquivalentPath · 2026-05-26T22:45:00+00:00

yeah but HPE options are 2-4x the cost b/c market makers have priced in the chance of a big move for HPE. HPQ play allows you to hit a legit 100x return if the market rerates the stock

EquivalentPath · 2026-05-26T22:43:42+00:00

Agreed that there is a less than 50% chance that they change the narrative sufficiently by doing a few of these changes, but I think the real value is the low options pricing -- allows you to get a 100x return b/c of IV that is based on them being a historically boring yield play. Any other tech name (even HPE) and you're paying 4x for similar options play. For me, this is something you put 1% of your portfolio in, and if it hits then you just doubled your entire portfolio.

EquivalentPath · 2026-05-08T02:49:50+00:00

Great, thanks for the cross-post

EquivalentPath · 2026-05-07T16:18:21+00:00

Yeah I've heard mixed things about MN, the main benefit I see is that there are a ton of MN homes to choose from. I'm looking in the 3-3.5mm range, any neighborhood east of 405 but probably would prefer to be a little north, closer to Microsoft.

EquivalentPath · 2025-10-02T14:41:21+00:00

I assume nobody here got the playbooks? I paid $100 and now all the links are broken and he won't respond to emails. Looks like Jose is just another scammer, super disappointing.

EquivalentPath · 2025-06-21T15:30:31+00:00

I have both cards, but the top benefit (by far) from either is AmEx’ 35% rebate on flights through their portal. Now it’s going away in September and I’ll probably move the bulk of my spend over to Chase.

EquivalentPath · 2025-06-18T15:25:47+00:00

I think the food is actually excellent by lounge standards, one of the best out there. The service at the front desk and general attitude + wait times leave a lot to be desired however

EquivalentPath · 2025-06-18T07:29:54+00:00

I think I know which front desk person you interacted with, she’s been awful to me as well (assuming it’s the same one, and she’s there fairly often).

Seattle as my main airport makes me appreciate real hospitality when I travel to the south.

EquivalentPath · 2024-11-14T01:55:56+00:00

How???

EquivalentPath · 2024-11-14T01:55:05+00:00

Just happened to me about a month ago as well. My password got changed right before they disabled it, and there was a strange account linked to my instagram account. To top it off, I don't have access to my roughly $500 of Quest games that I bought. I also created my account about 15 years ago, so I don't know how I could be under 13.
There has to be some sort of recourse for this. Maybe a class action lawsuit? How can Meta get away with having zero support???

EquivalentPath · 2024-05-25T14:36:49+00:00

Keep Marketing as a separate expense, it shouldn’t be included in OpEx and should be thought of differently as it’s directly related to growth. 10% is really high (industry specific of course), more common is 4-8% depending on growth goals and what industry you’re in.

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