DELL, HP SHARES FALL ON NVIDIA TAKEOVER DENIAL

INDUSTRY DESK■ 1 MIN READ

THU, APR 16, 2026

■ AI-SUMMARIZED FROM 1 SOURCE ▸ TIMELINE

Dell and HP shares dropped about 3% after hours Monday following Nvidia's denial of a report claiming the chip maker had spent over a year negotiating to acquire a major PC manufacturer.

SemiAccurate reported that Nvidia had been in extended negotiations to buy a large personal computer company, though it did not name the target. The unnamed company was widely assumed to be either Dell or HP based on market size. Nvidia quickly dismissed the report as inaccurate. The denial triggered immediate market reaction, with both Dell and HP shares declining in after-hours trading. The report had sparked speculation about a potential consolidation in the PC market. Nvidia has been expanding beyond its core GPU business through acquisitions and partnerships. However, the company has made no official announcements regarding any PC manufacturer acquisition. Neither Dell nor HP released statements following the share decline.

■ SOURCES

► Platformer

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DELL, HP SHARES FALL ON NVIDIA TAKEOVER DENIAL

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