NVIDIA Rises on Reported $12.9 Billion Hugging Face Bid as Dell Jumps 8% on Raised Outlook
Updated
Updated · 24/7 Wall St. · Sep 2
NVIDIA Rises on Reported $12.9 Billion Hugging Face Bid as Dell Jumps 8% on Raised Outlook
3 articles · Updated · 24/7 Wall St. · Sep 2
Summary
NVIDIA gained 4% to $225.96 after Bloomberg reported advanced talks to buy Hugging Face for $12.9 billion, with about $1 billion more potentially earmarked for employee retention.
Dell climbed 8% to $457.15 after posting a record $46.97 billion quarter, lifting full-year revenue guidance to $192 billion and non-GAAP EPS guidance to $25.50.
Dell said AI-optimized server revenue doubled to $16.4 billion, AI orders reached a record $60.9 billion, and its AI backlog ended the quarter at $95 billion.
The broader chip trade barely followed: the iShares Semiconductor ETF rose just 0.2%, signaling buying was concentrated in NVIDIA and Dell rather than across semiconductors.
That split highlights where AI spending is landing now—Dell as a deployment-layer winner and NVIDIA as a hardware leader that could deepen its grip by adding an open-model hub.