forbes valuation
Huang had his net worth increase by $15.6 billion to $196.8 billion thanks to Nvidia’s stock rally, ranking him the sixth-richest person in the world, moving him ahead of Meta’s Mark Zuckerberg ($196.2 billion) and Oracle’s Larry Ellison ($194.9 billion).
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big number
Around $450 billion. That’s how much was added to Nvidia’s market valuation amid a stock rally, rising from $5.07 trillion to $5.52 trillion. The AI bellwether ranks the world’s most valuable firm, directly ahead of Apple ($4.59 trillion), which briefly overtook Nvidia for the top spot last month, and Alphabet ($4.13 trillion).
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what to watch for
Nvidia has agreed to buy Hugging Face, a popular open-weight AI model hosting platform, for $12.9 billion, The Information reported, citing unnamed sources. That would more than double Hugging Face’s previous valuation of $4.5 billion from a funding round in August 2023, in which Nvidia invested $235 million.
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further reading
ForbesNvidia Soars In Premarket After Strong EarningsBy Siladitya RayForbesNvidia Has Reportedly Agreed To Buy AI Model Hosting Platform Hugging Face For $13 BillionBy Siladitya Ray