Nvidia Buys Hugging Face for $12.9B After Earnings Beat | CoinDesk Daily
Thursday, 27 August 2026 · 1 min read · Listen to the episode ↗
Nvidia's recent earnings report showcased a remarkable $96.2 billion in quarterly revenue, with projections of $108 billion for the next quarter, leading to a 7% stock price increase. In a strategic move to bolster its AI capabilities, Nvidia announced the acquisition of Hugging Face for $12.9 billion. Meanwhile, the cryptocurrency market saw nearly 8% of Bitcoin transactions occurring between $80,000 and $82,000, alongside urgent warnings from core lightning developers about vulnerabilities affecting node operators.
Nvidia reported impressive earnings, achieving $96.2 billion in quarterly revenue and projecting $108 billion for the next quarter, resulting in a 7% increase in its stock price.
In a strategic move to enhance its position in the AI sector, Nvidia has agreed to acquire the open-source AI platform Hugging Face for $12.9 billion. This acquisition underscores Nvidia's commitment to expanding its capabilities and influence in artificial intelligence.
In the cryptocurrency market, nearly 8% of all Bitcoin transactions occurred between $80,000 and $82,000, indicating robust trading activity at these elevated price levels.
Additionally, developers of core lightning have issued an urgent warning to node operators about real vulnerabilities in the system. They advised operators to restart their nodes in offline mode while keeping the software running to safeguard their funds.
These developments highlight significant trends in both the tech and cryptocurrency sectors, reflecting ongoing shifts in market dynamics and security considerations.
This summary was generated from the episode transcript and can contain mistakes.