HP (HPQ.N), opens new tab beat analysts' estimates for second-quarter revenue and profit on Wednesday, helped by strong ​demand for AI-optimized personal computers, but warned that rising memory costs would pressure margins.

PC makers including HP, ​Dell Technologies (DELL.N), opens new tab and China's Lenovo Group (0992.HK), opens new tab are navigating a shortage of memory chips as data ⁠center buildout is sucking up capacity and triggering price increases of smartphones and PCs.