NVIDIA Guides ~70% FY28 Growth, Eyes $14B Hugging Face Deal
NVDA sits 33% above its 52-week low of $164.07.
Summary
NVIDIA guided fiscal 2028 revenue growth of ~70%, driven by hyperscaler demand and a $35B cloud agreement. The company is in late talks to acquire Hugging Face for about $14B, adding a major AI model platform. It also expanded its MediaTek partnership with NVLink Fusion for custom XPUs and is entering custom AI chips with NVHBM. A $3B investment in SB Energy supports data center expansion. Texas pausing new grid connections could delay some data center timelines, but the overall demand picture remains strong. Watch for confirmation of the Hugging Face deal and further details on the custom chip roadmap.
At the time of this announcement, NVDA was trading at $217.50 on NASDAQ in the Technology sector, with a market capitalization of approximately $5.2T. 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.