Dow Jumps 422 Points As Nvidia's $12.9 Billion Hugging Face Deal Lifts Wall Street Sentiment

Nvidia agreed to acquire Hugging Face for $12.9B, with the deal expected to close by mid-2027. The acquisition includes $11.9B for stockholders and up to $1B in retention awards. Nvidia plans to keep Hugging Face's platform open, allowing free sharing of AI models and datasets. Hugging Face CEO Clément Delangue initiated the deal, citing the need for more resources and scale. Nvidia's CEO Jensen Huang emphasized the benefits of open models for safety and innovation. The acquisition is Nvidia's s

Nvidia is acquiring AI platform Hugging Face for USD 12.93 billion to expand AI access. The deal aims to scale the platform, strengthen infrastructure, and maintain openness. Hugging Face has 18 million users and serves 200,000 companies. Nvidia will continue supporting open-source models and multi-cloud development. The acquisition follows a recent cybersecurity incident involving Hugging Face.

Nvidia (NVDA) agreed to acquire AI company Hugging Face for $12.930 billion. The platform has 18 million users and hosts 3 million models, 500,000 datasets, and 1 million applications. Nvidia CEO Jensen Huang confirmed Hugging Face will remain open to all AI ecosystem participants.

Nvidia plans to acquire Hugging Face for $12.93 billion, aiming to boost chip demand and support open AI models. The deal includes $11.9 billion for investors and up to $1 billion in stock compensation for employees. Nvidia seeks to mitigate potential demand drops from customers developing their own AI chips.

NVIDIA (NVDA) agreed to acquire AI startup Hugging Face for $12.93 billion, including $11.9 billion for stockholders and $1 billion for employee retention. The deal, pending regulatory approval, is expected to close in early 2027. NVIDIA plans to scale Hugging Face's platform, which has 18 million users and 3 million models, while keeping it open. The acquisition aims to strengthen NVIDIA's position in the AI ecosystem.

Nvidia agreed to acquire Hugging Face, a major open-source AI platform, for $13 billion. The deal, expected to close by mid-2027, includes $11.9 billion in cash and up to $1 billion in equity for employees. Hugging Face operates a platform used by 18 million developers and 200,000 companies. Nvidia plans to keep the platform open and vendor-neutral.