Rasberry Pi surges after Jensen Huang comments, as Hedgeye goes long
By Michele Maatouk
Date: Tuesday 17 Mar 2026
(Sharecast News) - Raspberry Pi shot higher on Tuesday after Hedgeye Risk Asset Management recommended buying shares of the maker of high-performance, low-cost single-board computers (SBCs), and boosted by comments from Nvidia boss Jensen Huang.
Hedgeye said in a report on Monday that for a small-cap play exposed to AI agents, Raspberry Pi "may look interesting" as it's likely positioned as a primary hardware beneficiary of the OpenClaw cycle.
The firm, which is long Raspberry Pi, said that while it is still a majority-industrial business, agentic AI adoption could shift the company's volume and revenue more towards consumers and developers.
Hedgeye said channel checks suggest Raspberry Pi's key products are selling well despite recent price hikes. It also pointed to the fact that social media sentiment towards Raspberry Pi for AI agent use cases has been positive.
Hedgeye also recommended buying Chinese technology firm Tencent, having previously been short the shares. It said that after falling behind Alibaba and TikTok owner ByteDance in large language models, the agentic AI opportunity in China is putting the company back into pole position.
It said that through control of its own agents, Tencent has an opportunity to protect WeChat usage and create new monetisation opportunities for cloud and enterprise business.
Also helping to lift Raspberry Pi were comments from Nvidia chief executive Jensen Huang, who said on Monday at the company's GCT conference in San Jose that "every company in the world today needs to have an OpenClaw strategy".
Raspberry Pi shares closed up 19.7% at 347.00p.
A spokesperson for the company said: "We're not aware of any undisclosed developments driving the share price move. We note ongoing interest in AI-agent platforms such as OpenClaw, including Jensen Huang's comments yesterday.
"We remain excited about the possibilities offered by the long-term trend towards AI on low-cost hardware at the edge, of which OpenClaw is one example."
According to Stockomendation, there are four active shorts in Raspberry Pi: Walleye Capital, Voleon Capital Management, Marshall Wace and JPMorgan Asset Management. They have short positions of 0.58%, 0.6%, 0.62% and 0.9%, respectively.
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