Nvidia Buys Hugging Face 9/3/26

Watch on YouTube ↗  |  September 03, 2026 at 16:45  |  34:28  |  CNBC
Speakers
Jensen Huang — CEO, NVIDIA
Clement Delangue — CEO, Hugging Face
Andrew Ross Sorkin — Co-Anchor, Squawk Box
Becky Quick — Co-Anchor, Squawk Box

Summary

CNBC covers Nvidia's confirmed $12.93 billion acquisition of Hugging Face, with CEOs Jensen Huang and Clement Delangue explaining the strategic rationale around open-source AI. They argue open models are accelerating and need scale, and that Nvidia will keep Hugging Face open while benefiting as AI adoption grows. The episode also covers the NBA's suspension of Clippers owner Steve Ballmer and New York City's new AI school restrictions.

  • Nvidia confirms its $12.93 billion deal to buy Hugging Face.
  • Jensen Huang says Hugging Face will remain an open AI platform, not requiring Nvidia compute.
  • Huang says open-source AI models are accelerating and are a major growth driver for Nvidia.
  • Clement Delangue cites security concerns from closed-source APIs and wants to reach 100 million AI builders.
  • Jensen Huang highlights a CrowdStrike partnership using Nvidia's open Nemotron models for cybersecurity.
  • The NBA suspends Clippers owner Steve Ballmer and fines the team $30 million.
  • New York City bans AI in public elementary and middle school classrooms for one year.
Ideas
Jensen Huang CEO, NVIDIA 14:10
Nvidia benefits from open-source AI scale.
Nvidia is acquiring Hugging Face for $12.93 billion because open-source AI models are now sufficiently good and growing fast, and Hugging Face's scale of 200,000 enterprise customers, 18 million developers, and 3 million models gives Nvidia an open-model growth engine beyond cloud service providers, which represent only half of Nvidia's business. Jensen says the price is worth every penny and the deal is great for Nvidia.
NVDA HIGH
Jensen Huang CEO, NVIDIA 32:23
CrowdStrike gains from Nvidia open-model cybersecurity.
CrowdStrike's partnership with Nvidia uses Nvidia's open models, such as Nemotron, to create a frontier AI cybersecurity defender. Jensen says this is the first step and that more open-model cybersecurity collaborations are coming, positioning CrowdStrike as an early beneficiary.
CRWD MED
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This CNBC video, published September 03, 2026, features Jensen Huang discussing NVDA, CRWD. 2 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Jensen Huang  · Tickers: NVDA, CRWD