Stocks
Nvidia Set to Acquire Hugging Face for $12.9 Billion
Nvidia Corporation (NVDA) is reportedly acquiring Hugging Face for $12.9 billion, marking one of its largest deals to date.
The acquisition gives Nvidia control over a major platform in the open-source AI ecosystem and could strengthen its position across the software and developer layer of AI.
This move comes as Nvidia's AI growth story remains exceptionally strong, with the company delivering another powerful quarterly performance and issuing an outlook pointing to continued AI-driven growth.