Nvidia Forecasts Revenue Jump and Hugging Face Deal
Nvidia shares rose after the chip designer forecast a major revenue jump and agreed to buy AI platform Hugging Face for $12.9 billion. Meanwhile Asian markets advanced following the upbeat tech outlook and global equities climbed.
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NVIDIA CORP forecast a 70% jump in revenue for the next fiscal year, driving shares up 5% in after-hours trading during Wednesday morning's global sessions. The chip designer's sales forecast extends confidence in AI demand through early 2028. The rare long-term disclosure underscores Nvidia's dominant market position as supply chain partners across Asia post gains.
