Intel Planning To Buy NVIDIA?

by Marco Chiappetta — Wednesday, October 04, 2006, 04:00 PM EDT

Speculation that Intel is planning to make a bid for NVIDIA caused NVIDIA shares to surge by over 8% today. AMD's planned purchase of ATI was the catalyst for the renewed speculation, but there's been no official announcement yet, even though an analyst quoted by Reuters was under the impression something would be said tonight...

"Investors have been speculating that Nvidia might be acquired since July, when Advanced Micro Devices agreed to buy Nvidia rival ATI Technologies for $5.4 billion. Rumors of such a transaction resurfaced on Wednesday, spreading quickly across Wall Street trading desks, according to three options market participants. "There is speculation that Intel will make an acquisition announcement tonight," said Bill Lefkowitz, options strategist at brokerage firm vFinance Investments in New York."

This news is speculation at the moment and we don't expect it will come to fruition anytime soon, if at all. Then again, it took a number of months for the official AMD / ATI news to hit, so who knows? We'll be keeping our ears to the ground, that's for sure.

Tags: Nvidia, Intel, LAN, plan, PLA, BU, id

Marco Chiappetta

Marco's interest in computing and technology dates all the way back to his early childhood. Even before being exposed to the Commodore P.E.T. and later the Commodore 64 in the early ‘80s, he was interested in electricity and electronics, and he still has the modded AFX cars and shop-worn soldering irons to prove it. Once he got his hands on his own Commodore 64, however, computing became Marco's passion. Throughout his academic and professional lives, Marco has worked with virtually every major platform from the TRS-80 and Amiga, to today's high end, multi-core servers. Over the years, he has worked in many fields related to technology and computing, including system design, assembly and sales, professional quality assurance testing, and technical writing. In addition to being the Managing Editor here at HotHardware for close to 15 years, Marco is also a freelance writer whose work has been published in a number of PC and technology related print publications and he is a regular fixture on HotHardware’s own Two and a Half Geeks webcast. - Contact: marco(at)hothardware(dot)com