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Recent Updates — NVDA

September 3, 2026View Source ↗

On September 2, 2026, NVIDIA Corporation entered into a definitive agreement to acquire Hugging Face, Inc., an open-source AI model platform and community, for approximately $11.9 billion in cash subject to adjustments. The transaction includes an equity-based retention program of up to $1.0 billion for Hugging Face employees joining NVIDIA. Closing is expected in the first half of 2027, contingent on customary conditions including regulatory approvals. NVIDIA committed to keeping the platform open and supporting other silicon vendors. This acquisition significantly expands NVIDIA's software ecosystem and developer community within the artificial intelligence hardware and software industry.

August 26, 2026View Source ↗

NVIDIA Corporation reported record second-quarter fiscal 2027 revenue of $96.2 billion, a 106% increase year-over-year and an 18% sequential rise. Data Center revenue reached $89.0 billion, up 117% from the prior year period. GAAP diluted earnings per share were $2.46, compared to $1.08 in the same quarter last year. The company returned approximately $26.0 billion to shareholders through repurchases and dividends during the quarter. NVIDIA announced a quarterly cash dividend of $0.25 per share, payable on October 1, 2026, to shareholders of record on September 10, 2026. For the third quarter of fiscal 2027, revenue is expected to be $108.0 billion plus or minus 2%. NVIDIA Corporation designs and manufactures graphics processing units and system-on-chip units for gaming, professional visualization, data centers, and automotive markets.

August 17, 2026View Source ↗

NVIDIA announced a multi-year partnership with SB Energy to secure land, power, and shell capacity at the PORTS-Pike Technology Campus in Pike County, Ohio, for AI data center infrastructure. NVIDIA invested $1.5 billion in SB Energy and entered into residual value guaranties capping its aggregate payment obligation at $105 billion. These agreements support an initial 4.25 gigawatts of IT load, with options for additional capacity, to be leased by OpenAI starting in 2028. The facility will host NVIDIA's full-stack DSX AI factory platform. NVIDIA is a leading designer and manufacturer of graphics processing units (GPUs) and system-on-chip units for gaming, professional visualization, data centers, and automotive markets.

July 2, 2026View Source ↗

NVIDIA Corporation announced that Ajay K. Puri, Executive Vice President of Worldwide Field Operations, intends to retire upon the commencement of his successor's employment. Nicholas Parker, formerly of Microsoft Corporation, has been appointed as the new Executive Vice President, Worldwide Field Operations, effective August 24, 2026. Mr. Parker's compensation package includes a $1,000,000 annual base salary, a $5,000,000 sign-on bonus, and a $1,500,000 target annualized cash variable compensation. Additionally, he will receive $35,000,000 in restricted stock units and $5,000,000 in multi-year performance-based RSUs. NVIDIA is a technology company that designs graphics processing units and provides AI infrastructure.

June 18, 2026View Source ↗

NVIDIA Corporation completed a multi-tranche debt offering on June 18, 2026, totaling $25,000,000,000 in aggregate principal amount. The offering consisted of seven series of notes: $3.5 billion in 4.250% notes due 2028, $3.5 billion in 4.350% notes due 2029, $4.0 billion in 4.500% notes due 2031, $3.5 billion in 4.750% notes due 2033, $4.0 billion in 4.950% notes due 2036, $3.0 billion in 5.550% notes due 2046, and $3.5 billion in 5.625% notes due 2056. Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, and Morgan Stanley & Co. LLC served as underwriting representatives. NVIDIA is a technology company that designs graphics processing units and semiconductor solutions.