🚨 Huge news: Nvidia—valued at $5.2 trillion—is about to sign the biggest acquisition deal in its history, and the deal could be finalized this week. According to Bloomberg, Nvidia is nearing a $14 billion deal to acquire “Hugging Face,” an open-source AI platform used by 13 million developers. The deal values “Hugging Face” at the equivalent of 86 times its annual revenue of $150 million, which is about three times its previous market value of $4.5 billion from three years ago. Nvidia currently accounts for nearly 8% of the “S&P 500” index—more than the combined total weight of the energy, utilities, real estate, and materials sectors.
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