Nvidia Is No Longer Just a Chip Company
Nvidia’s $13 billion acquisition of Hugging Face is the latest sign that Jensen Huang’s ambitions extend far beyond selling GPUs. Nvidia is gradually assembling almost every layer of the artificial-intelligence infrastructure stack. The question for investors is whether it is becoming the operating platform for the AI economy and whether that makes its extraordinary valuation more defensible.
ET&A Research · 7 September 2026
For most of its history, Nvidia was relatively easy to describe.
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