Nvidia Says It Isn’t Buying Dell

Nvidia denied media reports that it has been in talks to acquire a large PC or server maker, calling the story false. The denial drove Nvidia shares up (~2.3%) as investors were relieved that a takeover — which could have raised antitrust questions, diluted margins and threatened Nvidia’s neutral-vendor status — was not underway. The rumor had lifted rivals’ stocks briefly: Dell jumped the prior day then fell back (down 3.2% after a 6.7% gain), and HP fell 1.6% after an earlier 5.3% jump. The piece notes Nvidia’s recent smaller strategic investments across its supply chain but stresses a large-scale acquisition would be a different, more complex prospect for the company and markets.