Nvidia is reportedly set to buy AI startup Hugging Face for $12.9 billion, significantly boosting its position in open-source AI development. Hugging Face is a popular platform for sharing open-source AI models, and the acquisition would help Nvidia maintain dominance in AI hardware amid growing competition from companies developing their own AI chips. The deal also offers Nvidia a strategic entry back into cloud computing through Hugging Face's developer services. This move follows Hugging Face's recent growth and aligns with Nvidia's push to support open-source AI models against closed systems from competitors like OpenAI and Anthropic.
Nvidia and Salesforce reported better-than-expected quarterly earnings, challenging key bearish views on their businesses. Salesforce showed its strongest sales growth in four years and expanded AI partnerships, easing fears that AI would reduce dema...
Nvidia Corporation is considered significantly undervalued despite its stock price rising 7% to $224 per share. The company is expected to achieve 70% revenue growth by fiscal year 2028, supported by strong demand that outpaces supply and $279 billio...
In 2026, the VanEck Semiconductor ETF (SMH) returned an impressive 87.86%, largely driven by heavy holdings in NVIDIA and Taiwan Semiconductor. However, three other semiconductor ETFs—Invesco Semiconductors ETF (PSI), Xtrackers Semiconductor Select E...
Nvidia's Q2 earnings report triggered a rally in tech stocks, particularly in software, reflecting investor confidence in AI applications. Nvidia is using cash flow from its chip business to acquire and invest in AI application and tooling companies,...
NVIDIA announced a $279 billion memory purchase commitment, nearly tripling from the previous quarter, signaling strong demand for memory chips. However, stocks of key memory suppliers like Micron and Western Digital fell sharply, likely due to profi...
