Nvidia (NVDA) Denies PC Business Takeover News as Foxconn Results Boost Stock

Nvidia Corporation (NASDAQ:NVDA) is one of the 10 Best Major Stocks to Buy According to Wall Street Analysts. On April 14, Nvidia Corporation (NASDAQ:NVDA) denied reports that it is in talks to acquire any PC maker. A company spokesperson said that the media report is false and confirmed that NVDA is not involved in any discussions for such a deal. The clarification came after SemiAccurate reported that the company had been in negotiations for over a year to buy a large company that could reshape the personal computer industry. The report also suggested that a decision on the deal could be approaching.

Nvidia Corporation (NASDAQ:NVDA) is one of the 10 Best Major Stocks to Buy According to Wall Street Analysts.

NVIDIA Corporation (NASDAQ:NVDA) received a positive demand signal after Foxconn reported solid early first-quarter results, reflecting continued momentum in the global AI supply chain. Foxconn’s revenue increased 30% year-over-year to $66.6 billion, with March alone rising 45.6% to a record high. The growth was mainly driven by strong demand for AI infrastructure tied to Nvidia’s ecosystem. Despite some product transition challenges, Foxconn is still guiding for growth in the second quarter. It expects both quarter-over-quarter and year-over-year increase, which further supports a positive outlook for the broader AI supply chain.

Foxconn is also expanding its global manufacturing footprint through new investments in the United States and large-scale AI infrastructure projects in Taiwan. These initiatives include building advanced computing systems using Nvidia’s GB300 NVL72 platform, strengthening long-term demand visibility for the AI ecosystem.

Nvidia Corporation (NASDAQ:NVDA) is a fabless semiconductor and AI computing company that designs GPUs, AI accelerators, Application Programming Interfaces (APIs), and system-on-a-chip units. Through its CUDA ecosystem, the company enables industries ranging from autonomous vehicles to scientific research by advancing AI, accelerated computing, and data center infrastructure.

While we acknowledge the risk and potential of NVDA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than NVDA and that has 10,000% upside potential, check out our report about the cheapest AI stock.

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