HP Inc's stock soared 5.34% during intraday trading on Monday, following a report that chipmaker Nvidia is in talks to acquire a major PC maker.

According to a report from SemiAccurate, Nvidia has held talks for over a year to buy a large PC maker, with discussions reaching a critical stage. Although the report did not name the specific target, market speculation has centered on PC manufacturers like Dell and HP, leading to a surge in both stocks.

Reuters noted it could not verify the report, but traders reacted positively to the possibility of a transformative deal in the computing industry. The proposed acquisition, if completed, would represent one of the most significant shifts in the sector since the emergence of modern PCs.