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PC stocks fall after Nvidia (NVDA) denies report in talks to buy a PC-focused company. (00:14) Airline blockbuster: United (UAL) CEO teases interest in merger with American(AAL). (01:10) Amazon (AMZN) in advanced talks on Globalstar deal to rival Starlink: report. (01:54)
This is an abridged transcript.
Nvidia (NVDA) has denied a report that it’s in talks to buy a PC company.
The report boosted shares of PC makers Dell (DELL) and HP Inc. (HPQ). Dell closed Monday 6.7% higher. HP rose 5.3%. In premarket action, each is down more than 2%.
An Nvidia spokesperson told Seeking Alpha in an email, “The media report is false; Nvidia is not engaged in discussions to acquire any PC maker.”
SemiAccurate earlier on Monday reported that Nvidia (NVDA) was in negotiations for over a year to acquire a large company, and it will reshape the personal computer landscape.
The news outlet noted that it has been following the story since late 2024, adding that the time is approaching to make a deal or walk.
Dell and HP did not immediately respond to a request for comment from Seeking Alpha.
United Airlines (UAL) CEO Scott Kirby has discussed with senior government officials a possible merger with American Airlines Group (AAL), sources tipped Bloomberg.
A combination of two of the largest U.S. airlines would face opposition from consumer groups and be scrutinized by regulators since United (UAL) and American (AAL) control more than a third of the U.S. airline market.
Airline industry consolidation is something that Kirby has discussed openly this year, although analysts took his comments to indicate that United (UAL) might try to acquire a smaller regional airline, not combine forces with a legacy player.
Shares of American Airlines (AAL) rallied 5% in premarket trading, while United (UAL) gained 1.6%.
Amazon.com (AMZN) is in advanced talks to acquire satellite operator Globalstar (GSAT).
The deal would boost the tech giant’s efforts to build its own satellite operation.
People familiar with the matter told Bloomberg that a transaction could be announced as soon as Tuesday. The report said a final agreement has not been reached and talks might still end without one, or the timing could change.
Globalstar’s (GSAT) shares have almost quadrupled in the past year, giving the company a market value of about $9.4B.
The deal would strengthen Amazon’s (AMZN) low-Earth orbit satellite ambitions, “Project Kuiper” or branded “Leo,” and help it compete with SpaceX’s (SPACE) Starlink network.
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Stock index futures are in the green as investors grow optimistic about potential U.S.-Iran peace talks.
The gains followed comments from President Trump indicating that Iran had reached out for potential negotiations, even as the U.S. moved forward with a naval blockade of the Strait of Hormuz. Asian equities also rallied on hopes that a deal could lower oil prices and support global growth.
Crude oil is down 2.4% at $96. Bitcoin is up 0.3% at $74,000. Gold is up 0.8% at $4,785.
The FTSE 100 is up 0.1% and the DAX is up 1.2%. India (SENSEX) markets closed for a holiday.
The biggest movers for the day premarket: Bloom Energy (BE) +15% – Shares surged after Oracle (ORCL) expanded its partnership with the firm to procure up to 2.8 GW of fuel cell capacity to power AI data centers, with an initial 1.2 GW already contracted and deployment underway through 2027.
Economic calendar:
