Discussion Laptop for Large Excell files

70,000 Records , and sometimes reaching 90,000 records, with composite formulas (formulas that process data resulting from other formulas).

Currently we are working on hp laptop 15 with i7-7500 processor, 16GB RAM, SSD 960GB. When working on this system, excel shows not responding, then produces results after 10 minutes.
Is it a processor problem, RAM, or both