Nvidia (NVDA) Stock: Inside the $12.9 Billion Hugging Face Acquisition
TLDR
- Nvidia has agreed to buy Hugging Face for $12.9 billion, according to The Information
- The deal would be one of Nvidia’s largest acquisitions ever
- Hugging Face had a private valuation of $4.5 billion through a 2023 funding round, making this a steep premium
- Hugging Face’s annualized revenue is around $150 million, a stark contrast to the deal price
- Nvidia CEO Jensen Huang said on the company’s earnings call that “nearly all open models run on Nvidia”
Nvidia has agreed to acquire Hugging Face, the open-source AI model repository, for $12.9 billion, according to a report from The Information on Wednesday.
BREAKING: Nvidia $NVDA has agreed to acquire Hugging Face for $12.9B pic.twitter.com/AV91ANKx5s
- TrendSpider (@TrendSpider) August 27, 2026
The deal would rank among the largest acquisitions in Nvidia’s history. It comes just as Nvidia forecast a 70% jump in revenue for next fiscal year, signaling the company sees no slowdown in AI demand.
Hugging Face hosts open-source large language models, datasets, and developer tools. It lets AI builders freely access, modify, and share models, which is a very different approach from closed-source players like OpenAI and Anthropic.
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