BUSINESS

: Nvidia Surges 9% on Blockbuster Outlook, Announces $129B Hugging Face Acquisition

PUBLISHED Aug 30, 2026, 4:10 PM ET

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Nvidia shares surged nearly nine percent on August 27, adding $442 billion in market value after forecasting fiscal 2028 revenue growth of approximately seventy percent. The projection surpassed Wall Street consensus estimates of forty-five percent. CEO Jensen Huang announced the one-year-ahead guidance to emphasize long-term visibility into artificial intelligence infrastructure demand. Major financial institutions including Morgan Stanley, Citi, and Mizuho subsequently raised their price targets. Alongside the financial outlook, Nvidia reached an agreement to acquire AI model platform Hugging Face for $129 billion. The transaction remains subject to regulatory approvals across major jurisdictions and is anticipated to close in the first half of 2027. The announcement also lifted the Philadelphia Semiconductor Index by 2.33 percent. Analysts noted that the market reaction reflects sustained enterprise confidence in AI hardware and software ecosystems following recent sector pullbacks.

By James Porter | JQJO News

Timeline of Events

On May 24, 2023, Nvidia reported explosive quarterly earnings driven by artificial intelligence.
On August 23, 2023, Nvidia announced exceptional revenue growth and increased stock buybacks.
On February 21, 2024, Nvidia posted record fourth-quarter revenue fueled by datacenter chips.
On May 22, 2024, Nvidia announced a ten-for-one stock split and dividend increase.
On August 28, 2024, Nvidia reported strong second-quarter revenue amid high chip demand.
On November 20, 2024, Nvidia posted third-quarter revenue meeting elevated market expectations.
On February 26, 2025, Nvidia reported fiscal fourth-quarter results amid expanding AI infrastructure.
On August 27, 2026, Nvidia issued blockbuster fiscal 2028 guidance and acquisition plans.
On January 1 2027 By early 2027, global antitrust regulators will review the Hugging Face acquisition.
On June 30 2027 In the first half of 2027, the Hugging Face acquisition transaction closes pending approval.
On January 31 2028 By fiscal year 2028, Nvidia aims to achieve projected seventy percent revenue growth.

News Intelligence

Immediate US impact: Nvidia valuation surge boosts US technology sector and equity markets.
Possible long-term US impact: Expanded AI dominance strengthens US technological leadership and enterprise infrastructure.
Most affected groups: Semiconductor investors, technology workers, and financial institutions experience direct impacts.
Reader priority: Readers should monitor regulatory filings and official investor relations statements.