Nvidia says no to rumor that sparked jump in Dell and HP shares; says: Not engaged in discussions to buy any ...

Jensen Huang-led Nvidia has denied a recent report claiming the chip maker is looking to acquire a big PC maker to “reshape the PC landscape.” According to a Bloomberg report, an Nvidia spokesperson said “The media report is false; Nvidia is not engaged in discussions to acquire any PC maker”.

A report by website SemiAccurate claimed that Nvidia has been negotiating a deal with a laptop maker for more than a year, sparking a rally in the shares of PC makers Dell and HP on April 13. After the report, Dell’s stock rose 6.7% to close at a record high of $189.79 in New York. Similarly, HP shares rose by 5.3% during the day to close at $19.23.Dell and HP are among the world’s top PC makers. According to research firm Gartner, HP had about 19% of the global market in the first quarter, just behind Lenovo, which held nearly 27%.

Dell, based in Round Rock, had around 17% market share.As per the Bloomberg report, Dell shares fell 3.4% in after-hours trading following Nvidia’s comments. HP shares also dropped more than 3%.

Nvidia invests $2 billion to make custom AI chips more accessible

Recently, Nvidia invested $2 billion in Marvell Technology as part of a strategic partnership. With this deal, the chip giant wants to make it easier for its customers to integrate Marvell's custom AI chips with Nvidia's networking hardware and central processors.

The deal centres on Nvidia's NVLink Fusion platform, a rack-scale system that allows customers to build semi-custom AI infrastructure within the Nvidia ecosystem.Under the arrangement, Marvell will contribute custom accelerators, known as XPUs, and NVLink Fusion-compatible scale-up networking. Nvidia will supply supporting technologies, including its Vera CPU, ConnectX network interface cards, BlueField data processing units, NVLink interconnects, and Spectrum-X switches.The two companies will also collaborate on silicon photonics technology, which enables high-speed, energy-efficient data transmission through optical interconnects, and work together to bring AI capabilities to telecommunications networks through Nvidia's Aerial AI-RAN platform for 5G and 6G infrastructure.The partnership comes as Nvidia works to remain central to the AI infrastructure market, even as companies increasingly explore custom processors as alternatives to its standard chips.