Nvidia Buys Hugging Face for $12.93 Billion

Nvidia has announced its acquisition of Hugging Face for $12.9303 billion, a move that analysts at StoneX have described as strategically positive and financially immaterial in the near term.

The deal includes approximately $11.9 billion payable to stockholders and up to $1.0 billion of equity-based retention for employees joining Nvidia.

Analyst Cody Acree maintained a Buy rating on Nvidia stock, with a price target of $335.00, following the announcement.

Nvidia shares traded about 2% higher near $228 after the news, currently sitting at $234.19 and within 1% of its 52-week high of $236.54.