Nvidia Seals Hugging Face Acquisition Deal Worth $12.93 Billion

Nvidia has reiterated its commitment to growth after announcing an agreement to acquire Hugging Face for $12.93 billion, with a purchase price of approximately $11.9 billion and up to $1 billion in equity retention for employees.

The acquisition is expected to close in the first half of 2027, allowing Nvidia to expand its influence in the AI and cloud computing sectors.

Nvidia's strategic positioning has been supported by recent developments, including a $35 billion cloud-computing agreement with Anthropic through its backed cloud provider, Lambda, and the revival of its Rubin CPX chip program with production anticipated to begin in the first quarter of 2027.