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NVIDIA Surges on $13B Hugging Face Deal and $500B AI Financing Push

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The Story

News Summary

  • NVIDIA announced a $12.93B acquisition of Hugging Face, massive demand from OpenAI's GPT-6 involving over 500,000 GPUs, and a partnership with major banks to mobilize $500B in AI infrastructure financing.
  • Strong demand also pushed H100 GPU rental rates up by 22%.
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NVDA price history

218.29 +19.87% over the displayed period

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