Nvidia Denies Acquisition Rumor That Sparked Dell, HP Rise (1)

Nvidia Corp. denied a report from website SemiAccurate that it was seeking an acquisition of a large company that would “reshape the PC landscape.”

The website said Nvidia had been negotiating a deal for more than a year. The report sparked a rally Monday in the shares of PC makers Dell Technologies Inc. and HP Inc.

“The media report is false; Nvidia is not engaged in discussions to acquire any PC maker,” a company spokesperson told Bloomberg News.

Dell and HP are among the top PC vendors in the world. HP, based in Palo Alto, California, has 19% of the ...