The Information reported late Wednesday that the company had struck a $12.9 billion deal to acquire Hugging Face, a repository for open-source AI tools. Business Insider reported earlier in the evening that the parties had been holding talks over a deal that could value Hugging Face at north of $13 billion.
NVIDIA Corporation (NVDA) Q2 2027 Earnings Call Transcript
The split screen is striking. NVIDIA (NASDAQ:NVDA | NVDA Price Prediction) delivered $96.2 billion in Q2 FY2027 revenue, up 105.8% year-over-year, and guided Q3 to $108.0 billion, plus or minus 2%.
Nvidia's earnings and guidance helped set the tone for trading in Asia on Thursday.
Nvidia has been in talks to acquire Hugging Face for more than $13 billion. The companies have not reached a deal, and the talks could still fall apart.
A dull day in the markets was punctuated by Nvidia's earnings call after the bell.
The AI-chip leader posted a +120% year-over-year increase on its bottom line and +106% on the top.
NVIDIA NASDAQ: NVDA reported record second-quarter results for fiscal 2027, with revenue more than doubling from a year earlier to $96 billion, as demand for artificial intelligence infrastructure continued to expand across hyperscalers, cloud providers, enterprises and sovereign customers.
Nvidia's quarterly revenue more than doubled and the chipmaker forecast third-quarter revenue above Wall Street estimates on Wednesday, signaling persistent demand for its AI chips. The company also said it expects revenue to grow by about 70% in fiscal 2028, and announced an expansion of its partnership with Amazon's cloud computing unit, Amazon Web Services.
Nvidia spent August making deals across AI — and it's not done yet. The chip giant said it is committing $18 billion in equity investments for the rest of fiscal 2027.
Nvidia Corporation continues to deliver triple-digit revenue growth, reinforcing its wide-moat status and leadership in AI infrastructure. Q2 results exceeded expectations with $96.2B revenue and 66% operating margin, while Q3 guidance of $108B signals ongoing robust demand. NVDA stock's valuation remains compelling at a low-20s P/E, with strong margin expansion and significant optionality from new platforms like Vera Rubin and Hyperion.
Nvidia (NVDA) came out with quarterly earnings of $2.22 per share, beating the Zacks Consensus Estimate of $2.09 per share. This compares to earnings of $1.05 per share a year ago.