Nvidia Denies PC Maker Acquisition Rumor as Dell and HP Stocks Surge

TLDR

• Nvidia denied a report claiming it was in talks to acquire a major PC maker
• Dell and HP stocks jumped over 6% and 5% respectively on the rumor
• Nvidia confirmed to CNBC: “the media report is false”
• Analyst Gene Munster says an Nvidia deal is “less than 50%” likely
• AMD and Intel named as more plausible buyers of a PC company

Nvidia denied reports on Monday that it was in talks to buy a major PC and server manufacturer. The denial came after a report from SemiAccurate suggested the chip company had been in prolonged negotiations with a large-scale PC maker.

Despite the denial, shares of Dell Technologies rose 6.74% to close at $189.79 on Monday. HP Inc. climbed 5.31% to $19.23 on the same day. Both stocks gave back some gains in after-hours trading.

Dell Technologies Inc., DELL

Nvidia itself edged up 0.30% to $189.31 during regular trading hours, with a modest dip after the bell.

The original report had enough weight to move markets quickly. It sparked speculation about a major shift in how chip companies could expand into hardware systems.

Why the Rumor Spread

The idea of Nvidia buying a PC maker fits a broader trend of vertical integration in the AI industry. Companies are increasingly looking to control both the chips and the hardware systems they power.

This mirrors the approach taken by Apple, which designs its own chips and the devices that use them. As AI adoption grows, more companies are exploring similar strategies.

Nvidia has not historically been in the business of making consumer PCs. But the rumor gained traction because the company is seen as wanting to expand its role in the AI hardware stack.

What Analysts Are Saying

Gene Munster, managing partner at Deepwater Asset Management, appeared on CNBC’s Fast Money to weigh in. He said he thinks an Nvidia acquisition of a PC maker is unlikely.

Munster put the odds of such a deal happening at “less than 50%.”

He suggested that Advanced Micro Devices and Intel are more likely candidates to make such a move. Both companies are looking for ways to stand out and compete in the growing AI market.

Intel and AMD have more incentive to acquire PC hardware businesses, as they operate with lower margins and could benefit more from vertical integration.

Nvidia did not respond to additional requests for comment from Benzinga following its initial denial.

Dell and HP shares did pare some gains in after-hours trading, but both still closed the day well above where they started.

Nvidia ranks in the 97th percentile for quality on Benzinga Edge, reflecting strong performance across short, medium, and long-term trends.

The story was first reported by SemiAccurate before Nvidia moved quickly to shut it down on the evening of April 13, 2026.

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