The catalyst: Hugging Face acquisition.

NVIDIA Corporation (NASDAQ:NVDA) has agreed to acquire Hugging Face for approximately $12.93 billion, making it one of Nvidia’s largest acquisitions. The deal gives Nvidia a much stronger position in open-source/open-weight AI, an area gaining traction because developers can customize models and potentially deploy them at lower costs than proprietary alternatives. Hugging Face has more than […]

As reported: “NVIDIA (NVDA)’s Hugging Face Deal Tests the Next Phase of its AI Strategy” — Yahoo Finance, 2026-09-03.