Nvidia in talks to acquire Dell

What happened: On April 13, SemiAccurate reported that Nvidia (NVDA) had been negotiating for over a year to acquire a major PC company, sparking rumors of a potential deal. This led to a significant surge in shares of HP (HPQ) and Dell Technologies (DELL) on the same day.

Market impact: The rumors drove algorithmic buying, pushing HPQ shares above a key resistance level. Both HPQ and DELL stocks experienced notable gains, with DELL extending its gains throughout the day. The potential acquisition could reshape the PC landscape, impacting the tech and semiconductor sectors.

What to watch next: Nvidia has since denied the report. Dell's earnings, scheduled for May 26, may provide clarity on any potential deals. Additionally, monitor Nvidia's stock price, which could react to any further developments or denials.