What I don't really get, is that Nvidia is worth like $4.5T on $130B revenue. If they want to sell servers, why don't they just buy Dell or HP? If they want CPUs want not buy AMD, Qualcomm, Broadcom or TI? (I know they got blocked on their ARM attempt before the AI boom) Their revenue is too low to support their value, shouldn't they use this massive value to just buy up companies to up their revenue?
Why buy a complex but relatively low margin business that comes with a lot of baggage they don't need, when they can focus on what they do best and let Dell and HP compete against each other for Nvidia's benefit?
Same reason why Apple doesn't buy Foxconn or TSMC.
And no sane regulator on the planet will allow them to takeover AMD, Qualcomm, or Broadcom.
https://www.npr.org/2025/04/09/nx-s1-5356480/nvidia-china-ai...
They want to sell HPC servers, not general purpose servers.