Shares of Dell Technologies and HP Inc. experienced upward movement following reports of acquisition speculation involving the computer hardware manufacturers.

The stock gains came amid market chatter about potential merger and acquisition activity in the technology sector, though specific details about potential suitors or deal structures were not immediately available.

Dell Technologies, which went public again in 2018 after a complex series of transactions, has been a subject of periodic acquisition speculation given its position in the enterprise technology market. The company provides servers, storage systems, and other infrastructure technology to businesses.

HP Inc., which was spun off from Hewlett-Packard Company in 2015, focuses primarily on personal computers and printing solutions. The company has faced ongoing challenges from declining PC demand and competition in its core markets.

Both companies have been working to adapt their business models amid changing technology trends, including the shift toward cloud computing and remote work arrangements that accelerated during the pandemic.

Neither Dell nor HP Inc. immediately responded to requests for comment regarding the acquisition speculation reports.