Nvidia closes deal to own Hugging Face for $12.93 billion

Crypto Insight Summary: Nvidia (NASDAQ: NVDA) has agreed to buy Hugging Face, the open-source platform where more than 18 million developers share and test AI models, for $12,930,300,000. The company’s CEO Jensen Huang announced the deal on its blog on September 3, 2026. Nvidia, which is the world’s largest AI chipmaker, will now control the most-used neutral hub... Crypto Insight Analysis: Direction: Bullish NVDA Impact: Major Impact Horizon: Long-term (1 quarter-1 year) Reasoning: Nvidia's acquisition of Hugging Face strengthens its AI ecosystem dominance.