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Barchart
Pathikrit Bose

Nvidia Is Buying Hugging Face for Nearly $13 Billion. How the Deal Could Help Drive NVDA Stock Higher.

Nvidia Hugging Face NVDA Jensen Huang

After its shares finally broke the curse of decline following quarterly results, reports have emerged that Nvidia (NVDA) is poised to complete the acquisition of open-source AI platform Hugging Face for $12.9 billion. Hugging Face operates a large platform where AI developers can access and share AI models, datasets, software libraries, AI applications, and demos, along with inference and deployment infrastructure.

Hugging Face's proposed buyout would be in line with a key theme of Nvidia CEO Jensen Huang's push for open-source models. But how could Hugging Face actually engender Nvidia's open-source goals? Let's find out.

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