NVIDIA Rises on Reported $12.9B Deal with Hugging Face, Dell Surges After Guidance Increase
NVIDIA (NASDAQ:NVDA) rose nearly 4% following a Bloomberg report that the chipmaker is in advanced talks to acquire AI platform Hugging Face for approximately $12.9 billion, including potential employee retention incentives of up to $1 billion. While no final agreement has been reached, an announcement could come as soon as this week. Dell Technologies (NYSE:DELL) surged 8% after reporting a record fiscal second-quarter revenue of $46.97 billion and raising its full-year guidance by about $25 billion to $192 billion. The company also posted strong performance across AI-optimized servers, traditional server and networking services, storage solutions, and client products. The iShares Semiconductor ETF (NASDAQ:SOXX) gained only 0.2%, indicating that the market's focus remains on individual stock movements rather than a broader semiconductor sector rally.
Topics: AI infrastructure earnings guidance beat M&A rumors semiconductor sector