Nvidia reportedly nears $14B acquisition of Hugging Face

BIG: Nvidia $NVDA is reportedly nearing a deal to acquire Hugging Face for approximately $14 billion, according to Bloomberg, with an agreement potentially possible as soon as this week.
Hugging Face has become a major platform for open-source AI models, datasets and developer tools, making it strategically important within the broader machine-learning ecosystem.
An acquisition would expand Nvidia's reach beyond chips and infrastructure into the software and model-distribution layer, potentially strengthening its position across the full AI development stack.