PC Makers Spike on M&A Rumors

DELL Dell and HPQ HP jumped over 5% today on acquisition speculation. NVDA Nvidia denied rumors about buying a PC maker. Analysts suggested rivals AMD or INTC Intel might eye deals instead.

Options traders positioned heavily across multiple tech expiries. SPY held dense calendars through July reflecting elevated hedging demand. The S&P 500 ETF showed daily expiries extending two weeks out as volatility persisted.

Aehr Test Systems topped options sentiment rankings as the $2.2B semiconductor tester surged 249% year to date. The chip stock grabbed bullish positioning across May contracts. Powell Industries held second place as the $8.4B electrical equipment maker climbed 117% in 2026.

Nokia claimed fifth spot for consecutive sessions. The $53B Finnish telecom posted 46% yearly gains attracting continued options flow. Firefly Aerospace ranked fourth as the $6B defense name rose 68% amid Iran war equipment demand.

SNAP Snapchat appeared in fourteenth position despite falling 40% this year. The social media stock offered 63% analyst upside potential drawing contrarian bets. Seagate grabbed eleventh place as data storage surged 83% attracting tech rotation flows.

Nvidia acquisition chatter triggered unusual activity in PC supply chain names while broader market hedging intensified.