Nvidia to Acquire Hugging Face for $13 Billion Following OpenAI Interest

Key Facts

1Nvidia agreed to acquire the open-source platform Hugging Face for approximately $13 billion.

2OpenAI offered to invest roughly $100 million in Hugging Face prior to the Nvidia acquisition deal.

Nvidia agreed to acquire the open-source platform Hugging Face for approximately $13 billion. CNBC reported that OpenAI had previously offered to invest roughly $100 million in Hugging Face prior to the final acquisition deal with Nvidia. The transaction consolidates Nvidia's position within the AI ecosystem by securing ownership of a primary hub for open-source development.

NVDA was trading at $230.29 on September 28, 2026, reaching a session high of $233.21. In the broader semiconductor sector, AMD closed at $630.63 and INTC closed at $123.00 on September 25, 2026. Meanwhile, TSM was trading at $452.86 on September 28, 2026, as Nvidia moves to integrate critical AI infrastructure through this multi-billion dollar expansion.