
Nvidia to buy AI platform Hugging Face for nearly $13B
Nvidia announced it will acquire AI developer platform Hugging Face for approximately $13 billion, deepening its push into the open-source AI ecosystem.
Follow the latest financial and economic news, market updates, reports, and analysis on PipVero.

Nvidia announced it will acquire AI developer platform Hugging Face for approximately $13 billion, deepening its push into the open-source AI ecosystem.

Microsoft just pulled Azure out from behind years of bundled reporting, and what the numbers reveal about its real competition changes the entire investment thesis for MSFT shareholders.

Tesla shares have been on a roll as anticipation builds ahead of what could be a big event for the company.

Microsoft and Meta just locked in nuclear power for decades, and the contracts are reshaping how the entire supply chain gets valued.

After weeks of swirling rumors, Nvidia confirmed today that it has acquired Hugging Face for $12.93 billion. Hugging Face's platform hosts three million models, one million applications used by over 18 million developers, and half a million datasets.

Zoox isn't wasting any time now that it's allowed to operate and charge for rides in its custom-built robotaxi.

Tesla tantalized fans with posts on X saying "try it," and "no steering wheel, no pedals" ahead of a planned, invitation-only Cybercab event in Austin, Texas on Thursday. Elon Musk's automaker first unveiled the company's Cybercab in October 2024.

Bloomberg just labeled the Cybertruck the biggest flop in automotive history, and Range Rover is about to roll out its own six-figure electric vehicle into the same skeptical market.

France has begun tests on two cars to better assess Tesla's FSD advanced driver assistance system, French Minister of Transport Philippe Tabarot said, in a move that could bring Europe a step closer to approval of Elon Musk's autonomous driving technology.

As Nvidia Corp. (NASDAQ: NVDA) stock rose nearly 6% over the past 30 days, driven by solid demand in the Artificial Intelligence (AI) space, Aksel Kibar, a popular chartist and a former fund manager, expects a rally towards its former all-time high (ATH).

Nvidia is rated Buy, driven by its ability to capture $40B in revenue per gigawatt with the Vera Rubin platform. NVDA's growth model is shifting from selling accelerators to capturing more of the AI factory bill of materials, expanding system content and economics. Despite gross margin compression to 72-73%, profit per gigawatt rises as the company controls more system components and value per constrained GW.

Microsoft (NASDAQ: MSFT) has declared its next quarterly dividend of $0.91 per share payable Thursday, September 10, 2026, to shareholders of record on August 20, 2026.

After a two-month pause, Nvidia (NASDAQ: NVDA) insiders not only started selling again on August 31, but also executed the largest trade of the decade on the day.

Apple is facing a £2 billion ($2.7 billion) London lawsuit brought on behalf of app developers over its app tracking rules, with the iPhone maker accused of abusing its power to unfairly impose greater restrictions on third parties.

Amazon forecasts its own delivery network will handle nearly 90% of its US packages by 2029. Almost all projected package growth would flow through Amazon's own delivery network.