Nvidia Denies Rumors About Acquiring PC Maker; HP, Dell Stocks Still Spike Over 5% — Analyst Says Rivals May Eye Deal Instead (UPDATED)

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The denial came aft a study suggested the spot elephantine had been successful prolonged negotiations to bargain a large-scale PC and server manufacturer.

Nvidia did not instantly respond to Benzinga's petition for comments.

Despite Nvidia's statement, shares of Dell Technologies roseate 6.74% to adjacent astatine $189.79 connected Monday, portion HP Inc. climbed 5.31% to $19.23; some stocks pared gains somewhat successful after-hours trading.

Meanwhile, Nvidia edged up 0.30% to $189.31 during the regular hours and saw a humble dip successful after-hours activity, according to Benzinga Pro.

The thought of Nvidia acquiring a PC shaper stems from a broader propulsion toward vertical integration successful AI—controlling everything from chips to hardware systems.

Such a strategy mirrors the tightly integrated attack of companies similar Apple Inc. and has go a increasing taxable arsenic AI adoption accelerates.

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In a speech with CNBC's Fast Money, Gene Munster, managing spouse astatine Deepwater Asset Management, said a woody involving Nvidia is unlikely.

"Nvidia inactive is navigating this borderline accidental that they have," Munster said, noting the company's importantly higher margins compared to PC makers. "That's a wrinkle they request to navigate."

He added that the probability of specified a woody is "less than 50%."

Munster pointed alternatively to Advanced Micro Devices, Inc. and Intel Corp arsenic much plausible acquirers, arsenic some companies look for ways to differentiate and vie successful the AI race.