NVIDIA Confirms ~$13B Hugging Face Acquisition, Details Vera Rubin AI Platform Deployment
NVDA sits 40% above its 52-week low of $164.07.
Summary
NVIDIA confirmed its acquisition of Hugging Face for approximately $12.9-$13.0 billion, including retention equity. Additionally, its Vera Rubin AI platform is set for deployment at Nscale's Barstow data center in H2 2027. The Hugging Face acquisition follows an 8-K filing yesterday that initially disclosed the deal. The Vera Rubin deployment builds on the launch of the Vera standalone CPU in June, which aims for $20 billion in revenue by FY2028. The Hugging Face acquisition significantly strengthens NVIDIA's position in the open-source AI ecosystem, complementing its dominant hardware market share. The Vera Rubin deployment signals concrete progress on a major new AI platform, expanding NVIDIA's compute offerings. The Hugging Face deal is expected to close in H1 2027, and the Vera Rubin deployment is slated for H2 2027.
At the time of this announcement, NVDA was trading at $229.62 on NASDAQ in the Technology sector, with a market capitalization of approximately $5.5T. 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.