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SMH.com.au

Nvidia shares rise 1.8% after $US13 billion Hugging Face deal; HPE lifts cloud and AI outlook

AI Market Summary
US equities rallied as big tech led gains and Treasury yields eased, improving risk appetite despite elevated geopolitics and firmer oil. Nvidia rose after announcing a $13B acquisition of Hugging Face, reinforcing the market's focus on sustained AI infrastructure demand, echoed by strong results and guidance from several AI-exposed firms. The AI complex remains a key driver of index-level performance near term.
Impact level
● High
Affected assets
NCSKNVDA2USD/USDT+2.93%
AI Insight · NCSKNVDA2USD/USDTAI Insight
▲ Bullish
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⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
Nvidia said it would buy the artificial intelligence platform Hugging Face for $US13 billion ($18 billion), sending its shares up 1.8%. Hewlett Packard Enterprise posted quarterly results that beat analysts’ estimates. The company also raised guidance for cloud and AI demand, pointing to sustained strength in AI infrastructure spending.
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