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Dell Technologies Soars On Takeover Rumor - Will NVIDIA Make The Move? - Dell Technologies (NYSE:DELL)
- Shares of Dell Technologies Inc. and HP Inc. jumped Monday after SemiAccurate reported that Nvidia Corp. is seeking an acquisition to "reshape the PC landscape."
- Nvidia has allegedly negotiated for over a year to purchase a large-scale PC and server manufacturer, aiming to fundamentally alter the global server market.
- HP, based in Palo Alto, California, holds 19 per cent of the global market, while Dell, headquartered in Round Rock, Texas, maintains about 17 per cent market share.
- Dell shares jumped 6.3 per cent in New York trading Monday, while HP increased 2.3 per cent, reflecting investor reaction to the potential acquisition.
- BofA Securities analyst Wamsi Mohan on Wednesday reiterated a Buy rating on Dell, noting the company is "executing from a position of strength" regarding AI infrastructure.
27 Articles
27 Articles
Dell Technologies Soars On Takeover Rumor - Will NVIDIA Make The Move? - Dell Technologies (NYSE:DELL)
Dell Technologies Inc (NYSE:DELL) shares are rising on Monday. Investors are reacting to intense market speculation concerning a massive industry acquisition. The Nasdaq is up 0.28% while the S&P 500 has gained 0.18%. NVIDIA's Pursuit Of Major PC Player A report from SemiAccurate claims Nvidia Corp (NASDAQ:NVDA) is in secret negotiations. The tech giant reportedly wants to buy a large-scale PC and server manufacturer. These talks have allegedly …
A spokesperson for Nvidia has formally denied any discussion in order to acquire a PC manufacturer, responding directly to a rumor published by SemiAcurate. The denial is clear, but it intervenes as the company multiplies acquisitions and acquisitions at an unprecedented pace. Nvidia will not buy back ... Read more Like KultureGeek on Facebook, and follow us on Twitter Don't forget to download our free iAddict app for iPhone and iPad (link App S…
Nvidia wants to incorporate a PC manufacturer, it says. The company now contradicts the report, which started the rumors.
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