$NVDA - NVIDIA: NEEDHAM STAYS BULLISH AFTER $12.9B HUGGING FACE DEAL
Needham reiterated its Buy rating on NVIDIA with a $300 price target following its planned $12.93B acquisition of Hugging Face.
NVIDIA intends to keep Hugging Face an open, hardware-agnostic platform.
The deal includes roughly $11.9B in purchase consideration plus up to $1B in employee retention equity.
Closing is expected in H1 2027.
$NVDA - NVIDIA TO ACQUIRE HUGGING FACE IN $11.9BN DEAL
Nvidia has agreed to acquire Hugging Face in a deal valued at about $11.9 billion for shareholders.
Hugging Face will remain an open AI platform.
Nvidia also plans up to $1 billion in employee retention awards.
The deal is expected to close in H1 2027, subject to regulatory approval.