Reporting firms to an agreed Hugging Face deal, and the rally carries

2026-08-27 · part of Nvidia's Order Book

What happened

CNBC, citing a person familiar, reported that Nvidia has AGREED to acquire Hugging Face for about $12.9B — an escalation from the previous evening's "in talks." Reporting notes an earlier $500M offer was rejected and that Hugging Face was valued at $4.5B in 2023. It would be Nvidia's largest acquisition ever, against $7B for Mellanox. ⚠️ Still unconfirmed by either company, sourced entirely to people familiar, and the original reporting said it could fall through. (CNBC, The Information)
Nvidia rose roughly 7-8% in Thursday's regular session, pulling Marvell (+5.8%) and Micron (+4.5%) with it. The precise intraday figure varies by source and sampling minute and is not asserted. (CNBC)

Sources 3

CNBC cnbc.com high 0.85
The Information theinformation.com mixed 0.512
CNBC cnbc.com high 0.85

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