September 3, 2026
Analyst Bio:
Nvidia’s NVDA +0.99% ▲ shares edged higher to around $228 per share on Thursday morning. This followed CEO Jensen Huang’s blog post announcing that the chipmaking giant has agreed to acquire Hugging Face, the open-source platform for AI developers, in a $12.93 billion deal. In response, Rosenblatt Securities analyst Kevin Cassidy reaffirmed his Buy rating on NVDA stock. He sees the deal as Nvidia “continuing to use its balance sheet to maintain the health of the AI ecosystem as it rapidly expands.”
