Nvidia (NVDA) Denies PC Maker Acquisition Rumor; Dell, HP Shares Slide After-Hours

Nvidia (NVDA) on April 13, 2026, flatly denied reports that it was in talks to acquire a major PC manufacturer, triggering an after-hours reversal in shares of Dell (DELL) and HP (HPQ). The denial came hours after tech outlet SemiAccurate reported that Nvidia had been in extended negotiations — lasting more than a year — with a large PC-focused company, with a deal potentially imminent. Dell surged 6.74% and HP jumped 5.31% during regular trading on the report. Following Nvidia's denial, Dell fell approximately 3.3% and HP dropped roughly 3.2% in after-hours trading, while Nvidia's own shares moved marginally, suggesting measured market skepticism toward the rumor. No regulatory filings, merger agreements, or formal announcements accompanied the original report. Analysts note that a PC OEM acquisition would represent a significant strategic shift for Nvidia — from chip and platform supplier toward vertical integration — and could draw antitrust scrutiny given its dominance in data center GPUs.