NVIDIA's $13B Hugging Face Deal, U.S. Chip Clearance, and New AI Bets
NVDA sits 40% above its 52-week low of $164.07.
Summary
NVIDIA is acquiring Hugging Face for about $12.9–$13.0B, up from the ~$11.9B plus retention equity disclosed in the September 3 8-K. The deal gives NVIDIA access to ~18M developers and the open-model ecosystem, with Hugging Face remaining open and multi-cloud compatible. Separately, the U.S. cleared expanded sales of NVIDIA AI chips to support Armenia's Firebird data-center as part of a preliminary Armenia-Azerbaijan peace deal, tying chip access to the project. NVIDIA is also eyeing a ~$2B convertible note in Nscale's $3.5B pre-IPO round and negotiating a $2.5B investment in Thinking Machines Lab. The company partners with Figure to train Helix robotics models on Vera Rubin and will launch RTX Spark desktops in October via Lenovo and Acer. These moves reinforce NVIDIA's aggressive expansion across AI infrastructure, robotics, and developer ecosystems.
At the time of this announcement, NVDA was trading at $229.49 on NASDAQ in the Technology sector, with a market capitalization of approximately $5.6T. The 52-week trading range was $164.07 to $236.54. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Wiseek News.