Nvidia agrees to acquire Hugging Face for approximately $12.93 billion

merger_acquisitionannounced2026-09-03 20:35:38 UTCimp 0.86NVDA +0.45AMD -0.38INTC -0.34

Nvidia agreed to acquire Hugging Face, an AI model platform, for approximately $12.93 billion. A follow-up Nvidia update said Hugging Face will remain an open platform following the acquisition.

Occurred 2026-09-03 12:04:03 UTCSurprise 0.70Confidence 0.92

Rationale

This is a new, forward-looking merger-and-acquisition development rather than price commentary: the latest wire reports that Nvidia will buy Hugging Face for approximately $12.93 billion, and a follow-up wire states that Hugging Face will remain an open platform. This supersedes the prior report of unconfirmed acquisition talks and represents a material strategic expansion of Nvidia into AI model distribution and developer infrastructure. The first wire timestamp is used as the best available estimate of when the announcement became public; the supplied evidence does not establish closing, regulatory approval, or a definitive transaction completion date. The development is approved, with stakeholders limited to Nvidia and major AI hardware and cloud ecosystem participants for which the provided context identifies a plausible forward channel.

EventsHugging Face Potential $13 Billion M&A Transaction

Evidence

financial_juice2026-09-03 12:04:03 UTCOpen source

Nvidia to buy Hugging Face for $12.93b $NVDA|FJ

financial_juice2026-09-03 12:04:46 UTCOpen source

NVIDIA: Hugging Face will remain an open platform. $NVDA|FJ

walter_bloomberg2026-09-03 12:07:32 UTCOpen source

Nvidia has agreed to acquire Hugging Face in a deal valued at about $11.9 billion for shareholders.

Hugging Face will remain an open AI platform.

Nvidia also plans up to $1 billion in employee retention awards.

The deal is expected to close in H1 2027, subject to regulatory approval.

Nvidia to Buy Hugging Face for $12.9 Billion, CEO Jensen Huang Confirms — Barrons.com

dow_jones2026-09-03 12:17:00 UTCOpen source

Nvidia has agreed to buy Hugging Face, the popular marketplace for open-weight and open-source artificial-intelligence models, for $12.9 billion, said Nvidia CEO Jensen Huang Thursday.

Stocks edge up as Nvidia leads tech higher following Hugging Face deal announcement: AlphaCheck

yahoo2026-09-03 14:04:48 UTCOpen source

Nvidia stock also edged higher after the AI chip heavyweight announced the purchase of AI open model hub Hugging Face in a $13 billion deal.

Before Deal, Hugging Face Pitched Nvidia on Open-Source AI — Market Talk

dow_jones2026-09-03 14:02:00 UTCOpen source

Nvidia's near-$13 billion acquisition of Hugging Face began with a pitch to the chip maker's CEO, Jensen Huang, Hugging Face CEO Clem Delangue says in a joint CNBC interview with Huang.

first_squawk2026-09-03 20:16:39 UTCOpen source

NVIDIA AGREED TO BUY HUGGING FACE FOR ABOUT $13 BLN