🚨🚨🚨BREAKING🚨🚨🚨
Nvidia is about to make the biggest acquisition in its history, and the deal could be closed this very week.
According to Bloomberg, Nvidia is close to finalizing a $14 billion agreement to acquire Hugging Face, the open-source code AI platform used by 13 million developers.
The transaction values Hugging Face at 86 times its annual revenue of $150 million, which is nearly triple the $4.5 billion valuation it had three years ago.
Currently, Nvidia accounts for about 8% of the S&P 500 index, a figure higher than the combined totals of the energy, utilities, real estate, and materials sectors.
$NVDA.US
#Nvidia's
Nvidia is about to make the biggest acquisition in its history, and the deal could be closed this very week.
According to Bloomberg, Nvidia is close to finalizing a $14 billion agreement to acquire Hugging Face, the open-source code AI platform used by 13 million developers.
The transaction values Hugging Face at 86 times its annual revenue of $150 million, which is nearly triple the $4.5 billion valuation it had three years ago.
Currently, Nvidia accounts for about 8% of the S&P 500 index, a figure higher than the combined totals of the energy, utilities, real estate, and materials sectors.
$NVDA.US
#Nvidia's
