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Nvidia Buys Hugging Face for $13B to Cement Dominant AI Software Moat

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The Story

News Summary

  • Nvidia acquired open-source AI platform Hugging Face for $12.93 billion, prompting Rosenblatt Securities to reiterate a Buy rating with a $390 price target.
  • The strategic deal deepens Nvidia's software presence and locks in millions of developers against rival custom silicon.
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NVDA price history

219.34 +22.20% over the displayed period

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