Sandisk Jumps 8.9% as Nvidia Buys Hugging Face for $12.9 Billion
Updated
Updated · Yahoo Finance · Sep 4
Sandisk Jumps 8.9% as Nvidia Buys Hugging Face for $12.9 Billion
3 articles · Updated · Yahoo Finance · Sep 4
Summary
Sandisk shares rose as much as 8.9% Friday and were still up 8.5% by 11:02 a.m. ET after Nvidia confirmed its $12.9 billion acquisition of Hugging Face.
Nvidia framed the deal around Hugging Face's scale—18 million users, 3 million models and more than 200,000 corporate users—reinforcing expectations for continued AI infrastructure spending.
That matters for Sandisk because stronger demand for Nvidia GPUs in AI data centers also lifts demand for NAND flash memory, a key Sandisk product.
Dell added to the bullish read earlier this week, with COO Jeffrey Clarke saying AI server bottlenecks still center on memory—"DRAM, DRAM, DRAM, followed by NAND, NAND, NAND."