Nvidia Denies Acquisition Rumor That Sparked Dell, HP Rise

Dell Technologies headquarters in Round Rock, Texas.

Photographer: Sergio Flores/Bloomberg

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.