The 8250U has a 15W TDP rating.
Intel® Core™ i5-8250U Processor (6M Cache, up to 3.40 GHz) quick reference guide including specifications, features, pricing, compatibility, design documentation, ordering codes, spec codes and more.
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HP is likely using an embedded controller (EC) to enforce this 15W limit. When the EC turbo power limits are set lower than the MSR or MMIO power limits, during a long term stress test, the CPU will be limited to whatever value the EC has set. The lowest set value wins control of the CPU.
Not all manufacturers use an EC to enforce power limits. I had a Lenovo C930 laptop with a similar 8550U CPU and it was possible to run it well beyond the 15W TDP spec indefinitely. It would start to thermal throttle at 95°C but there was no power limit throttling.
Now you know what to test the next time you buy a laptop. Performance of the exact same CPU can vary significantly depending on what limits a manufacturer has set.