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Barchart
Wajeeh Khan

HP Stock Pops on Nvidia Acquisition Rumors. Should You Buy HPQ Stock Today?

HP (HPQ) shares experienced a dramatic surge on April 13 after SemiAccurate claimed in its latest report that Nvidia (NVDA) had been negotiating for over a year to acquire a major PC company. 

Adding to momentum on Monday was algorithmic buying as the buyout rumors helped HPQ break decisively above its key moving averages (20-day and 50-day). 

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