Nvidia (NVDA) Stock Nears All-Time High After $13B Hugging Face Deal
TLDR
- NVDA closed at $230.36 on Friday, up as much as 2% during the session, just below its record high of $235.74
- Nvidia acquired AI model hub Hugging Face for nearly $13 billion
- Anthropic, which received up to $10 billion from Nvidia last year, is reportedly preparing to file for an IPO
- Nvidia invested $3.5 billion in Taiwanese chip designer MediaTek earlier in the week
- Analysts maintain a consensus “Moderate Buy” rating with an average price target of $324.83
Nvidia (NVDA) closed at $230.36 on Friday, up 0.84% on the day after rising as much as 2% intraday. That puts it just below its all-time high of $235.74, set on May 14.
The stock has been moving higher on the back of continued momentum in AI-related semiconductor names, and fresh news flow is adding fuel.
The biggest headline this week was Nvidia’s acquisition of Hugging Face, the open-weight AI model hub, for nearly $13 billion. The platform is used by more than 18 million developers and 200,000 companies to share and adopt AI models.
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