Nvidia to spend $13 billion on Hugging Face, which will remain an open source platform

Nvidia CEO Jensen Huang announced a plan to accelerate AI data center construction, introducing the DSX POD design for rapid deployment. Nvidia claims these centers can be operational in 14 days, significantly reducing setup time. The company reported strong Q2 revenue growth, driven by data center sales. Huang emphasized the financial impact of delays, stating a $50 billion data center could generate $40 billion annually in revenue.

CrowdStrike (CRWD) rose 5.26% on October 21 after expanding its NVIDIA partnership. The stock is now 14.17% below its October 6 record close. CEO George Kurtz predicts AI security spending will grow significantly, citing compliance needs. Analysts' target price is ~$246, with a potential total return of ~95%.

SpaceX announced plans to bring 200,000 Nvidia GB300 chips online monthly, aiming to finance this through GPU-backed loans. Nvidia's CEO, Jensen Huang, supports this idea, suggesting it could secure loans for customers. SpaceX seeks $40B in loans, potentially using Nvidia chips as collateral. Nvidia is also a SpaceX shareholder with a stake worth $21B. Nvidia's stock closed at $221.97, up 2.54%, amid broader chip stock rallies.

Vertiv (VRT) and Nvidia developed a method to reduce AI data center power and cooling setup time from 120 to 48 days. Vertiv estimates this could boost AI token output by 30% in the first year. VRT shares rose 4% to $212.51 on Oct. 21. The approach is being tested in a 41-megawatt Norway project. Vertiv's Q3 earnings report is scheduled for Oct. 28.

Nvidia (NVDA) shares fell 3.8% to $213.51 after introducing DSX POD, a modular AI-factory design aimed at reducing deployment time from six months to 14 days. Partners include Dell, HPE, and Lenovo, with deliveries expected in early 2027. GuruFocus notes strong fundamentals but warns of valuation concerns.

QumulusAI (QMLS) expanded its equipment lease financing with Tech Finance Co. to $123.6M for NVIDIA Blackwell GPUs, up from $26M in May 2026. The 3-year leases cover GPU purchases for AI infrastructure, with TFC funding 85-90% of costs. QumulusAI avoids equity dilution and retains flexibility to acquire or return equipment at lease end.