Nvidia has been in talks to acquire Hugging Face, the popular AI platform for sharing and building with open-source models, in what could be one of the chip giant’s biggest deals yet. The two parties have had acquisition conversations in recent weeks about a deal that would value Hugging Face at more than $13 billion,
Nvidia jolted investors on Wednesday with a projection that its revenue would skyrocket by 70% next fiscal year and said demand for its AI chips is growing at 100%, prompting an after-hours stock rally. The 70% preliminary expectation wildly exceeded projections for fiscal 2028 revenue of roughly $570 billion, or 44% growth from fiscal 2027
Jensen Huang is feeling spendy. In the span of a few weeks, the Nvidia CEO has committed billions to deals and investments — with more potentially right around the corner. The spending spree shows how far Nvidia is expanding beyond chips and raises a bigger question: how much of the AI ecosystem does it want
Nvidia’s predicting it will pull in $108 billion in revenue within just a few months. It wouldn’t be the first company to rake in over $100 billion in quarterly revenue — Amazon, Apple, and Alphabet have repeatedly reached the milestone. Nvidia said in its latest earnings report that it brought in a record $96.2 billion
Nvidia will officially cap off tech earnings season today after the closing bell. It’s been a tumultuous several weeks for the AI trade and mega-cap tech more broadly, with investors reacting sharply to results on both ends of the spectrum. On one side you had Alphabet and Tesla, which drew investor ire after ramping up
Two major events are likely to drive financial markets this week: Nvidia’s second-quarter earnings report and the Fed’s annual Jackson Hole Economic Symposium. Before diving into each of those, let’s take a step back and look at the bigger picture. Perhaps the biggest development in markets over the last week has been the surge in