Nvidia has issued a statement to Tom's Hardware denying that it has been in talks for over a year to purchase a major PC manufacturer — responding to a rumor published by SemiAccurate that the AI chipmaker is close to a decision on whether the deal will push through.
The tech publication said it has spent over a year following this story, ever since it caught wind of the potential deal in late 2024. SemiAccurate also added that it was just talks, and there’s no guarantee that a transaction will even materialize. We have followed up with Nviida for a clarifying question as to whether Nvidia is in discussions with a server OEM, as mentioned in the original report.
“The media report is false; Nvidia is not engaged in discussions to acquire any PC maker,” an Nvidia spokesperson told Tom’s Hardware. Nvidia was a relatively niche computer parts manufacturer with a share price of less than a dollar until cryptocurrency mining put it in the spotlight. Everything changed when OpenAI released ChatGPT near the end of 2022, leading to a technology race between AI companies looking to create the most powerful AI model. Nvidia was perfectly positioned when this happened, and it became the biggest company selling the proverbial shovel in the AI gold rush.
This rush has allowed the company’s stock price to skyrocket, turning it from a relatively unknown GPU manufacturer to the most valuable company on Earth. The massive hoard of money that Nvidia made from selling its chips has allowed it to go on a shopping and investment spree. It has purchased AI chip startup Groq for $20 billion, took a $2 billion stake on Synopsis, sank another $4 billion into photonics firms, and invested $2 billion on Marvell to deepen their NVLink Fusion partnership — all of which has been reported in the last six months.
Aside from that, Nvidia is expected to launch its N1/N1X Arm processors for laptops in 2026, with the next-generation N2 slated to arrive next year.
J.P. Morgan said in late 2025 that the company is planning to go beyond AI GPUs and components and into complete AI servers. The rumor that Nvidia is looking to purchase a PC manufacturer seems less far-fetched when you combine this with Team Green’s push into CPUs and SoCs. The rumor resulted in a jump of more than 5% for both HP and Dell — two major PC manufacturers whose product lines cover both PCs and servers.
Nvidia has denied the story, however, saying that it did not enter into talks at all. This is probably good news for many of Nvidia’s partners, as the company building its own servers would have seen the company competing directly with its customers. And even if a deal was pushed through, it would have faced deep scrutiny by industry watchdogs and regulators.
