+1.34% to $233.95 from $230.86
What moved NVDA
- Morgan Stanley reinstated Nvidia as its top semiconductor pick after analyst Joseph Moore met with CEO Jensen Huang and CFO Colette Kress in New York and Boston, citing continued AI demand strength and an expanding customer base.
- The firm kept an Overweight rating and a $300 price target, arguing Nvidia’s valuation remains reasonable given AI infrastructure demand trends.
- Shares climbed roughly 2.9% intraday to a record of about $237.75, pushing CEO Jensen Huang’s personal fortune past $200 billion for the first time.
- The upgrade adds to a run of bullish catalysts this week, including the board’s $150 billion increase to Nvidia’s share buyback authorization announced days earlier.
Sources: Seeking Alpha · Stocktwits · Forbes · Investing.com
+1.68% to $228.86 from $225.07
What moved NVDA
- Nvidia’s board approved an additional $150 billion in share-repurchase authorization, the largest single increase to a buyback program in U.S. corporate history, lifting total remaining capacity to $235 billion.
- The increase surpasses Apple’s 2024 $110 billion buyback boost as the biggest-ever single addition to a stock repurchase authorization.
- CEO Jensen Huang linked the move to strong cash generation from the AI and accelerated-computing buildout, saying it reflects confidence in the long-term opportunity ahead while continuing to invest in AI technologies.
- The company said it expects to use the expanded authorization through fiscal 2028.
Sources: CNBC · GuruFocus · U.S. News & World Report
+2.30% to $227.38 from $222.27
What moved NVDA
- Nvidia agreed to acquire Hugging Face, the platform and community for building and sharing open-source AI models, datasets and applications, in a deal valued at roughly $12.93 billion.
- The companies said they plan to scale Hugging Face’s platform, strengthen its infrastructure and expand access to AI for developers and institutions worldwide.
- CEO Jensen Huang pushed back on AI ‘doomsday’ concerns in a CBS News interview aired Sunday, as the company continues its AI infrastructure buildout.
- Nvidia shares advanced alongside AMD and Intel as semiconductor stocks rallied broadly on the trading session.
Sources: NVIDIA Blog · Yahoo Finance
+1.48% to $220.78 from $217.55
What moved NVDA
- Nvidia agreed to invest $3.5 billion in convertible bonds issued by MediaTek as part of a deepened AI computing partnership.
- MediaTek will adopt Nvidia’s NVLink Fusion platform, giving hyperscalers and cloud providers a validated path to plug custom AI chips into Nvidia-based, rack-scale AI data centers.
- The expanded collaboration spans AI infrastructure, on-device local AI computing, and automotive platforms.
- The tie-up comes as Amazon, Google, Microsoft, OpenAI and Anthropic all invest in custom AI silicon to reduce reliance on Nvidia GPUs, a trend Nvidia is countering by keeping its interconnects central to those custom-chip efforts.
Sources: Yahoo Finance · NVIDIA Newsroom · Hot Hardware
-4.58% to $217.55 from $227.98
What moved NVDA
- Nvidia has agreed to buy Hugging Face for about $12.9 billion, according to a report from The Information, while other outlets described the talks as serious but not yet signed.
- If completed, the deal would put one of the most widely used platforms for sharing and hosting open-source AI models under Nvidia’s ownership.
- The acquisition is seen as protecting Nvidia’s position in AI chips as rivals build their own silicon, since a thriving open-source ecosystem keeps more developers dependent on Nvidia hardware.
- Hugging Face currently supports multiple hardware backends including AMD Instinct, Google TPU and AWS Inferentia alongside Nvidia accelerators, raising questions about whether a deal could draw antitrust scrutiny in the US, EU and UK.
- Neither Nvidia nor Hugging Face has publicly confirmed the reported agreement.
Sources: CNBC · Fortune · Forbes · Tom's Hardware
-2.91% to $208.48 from $214.72
What moved NVDA
- Nvidia is in talks to invest in Perplexity through a financing round that could value the AI startup at more than $30 billion, according to a report from The Information.
- A deal at that valuation would mark an increase of more than 50% from Perplexity’s previous funding round about a year ago, when it was valued near $20 billion.
- Perplexity’s annualized revenue has climbed above $750 million, up from less than $250 million at the start of the year.
- The talks remain unconfirmed by either company, and terms could still change.
Sources: Yahoo Finance · Benzinga
-2.86% to $217.55 from $223.96
What moved NVDA
- Nvidia signed memorandums of understanding with Apollo Global Management, Blackstone, BlackRock’s infrastructure arm, Brookfield Asset Management, Goldman Sachs and KKR to establish financing platforms aimed at mobilizing more than $500 billion in third-party capital for AI compute infrastructure.
- The push is designed to let Nvidia’s customers finance data-center and chip buildouts by treating compute capacity as a bankable asset class, similar to commercial real estate or toll roads.
- Shares had fallen sharply earlier in the session on renewed investor concern about the sustainability of AI capital spending and rising chip competition from Microsoft, before recovering as the financing news spread.
- The stock reversed its early loss and moved higher through the session following the announcement.
Sources: Nvidia Newsroom · CNBC · FX Leaders · Yahoo Finance