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.
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A purported Nvidia acquisition could shake up the balance of power in the PC industry, but the company denies that any talks are taking place.
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 …
Nvidia is in talks about a major acquisition that could "redraw the map of the PC market," Bloomberg reports, citing SemiAccurate.
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