Nvidia Nears $14 Billion Deal to Buy Hugging Face | The Pulse 9/2/2026
Спикеры
Olivier Roussat
— CEO, Bouygues
Matt Bloxham
— Руководитель отдела исследований, The Block
Anneka Treon
— Global Head of Private Banking, ING
Will Kennedy
— Директор новостей по региону EMEA, Bloomberg
Brett Bruen
— President, The Global Situation Room
Ed Barnett
— London Office Managing Partner, Latham & Watkins
The video covers Nvidia's advanced talks to acquire Hugging Face and the broader AI investment story, including Dell's AI server momentum and ING's overweight tech/power stance. It also discusses the US-Iran conflict's impact on oil and European natural gas, Bouygues's diversified growth outlook, and selective European equity opportunities. The tone is cautiously bullish on AI infrastructure and energy risk, with geopolitical and political uncertainty in the background.
- Nvidia is in advanced talks to buy Hugging Face for about $14 billion to support its AI ecosystem.
- Dell reported AI-server-driven revenue upside and benefits from its Nvidia partnership.
- ING sees AI benefits broadening to software and power and stays overweight tech and power.
- ING sees European banks, insurers and energy companies as stock-specific opportunities.
- Bouygues cites diversified portfolio, 2026/27 visibility, and growth in data centers and nuclear.
- US-Iran escalation pushes oil, diesel and European natural gas higher.
- European natural gas supply is tight before winter amid global competition.
- UK political and bond market pressures and Premier League sports investments are also discussed.
Идеи
Bouygues has diversified, visible, sustainable growth.
Bouygues sees limited direct Middle East impact because contract indexation from the Ukraine war protects margins, and it has a diversified portfolio, solid order book, good visibility into 2026/2027, plus exposure to data center, nuclear, hospital and energy-transition construction trends; it is expanding in the U.S. and Germany.
TF1 Netflix deal grows audience.
TF1 has a special win-win agreement with Netflix that exposes younger audiences to TF1 content, increases TF1's audience growth and provides Netflix better content/licensing, creating new growth for TF1.
Nvidia defends AI ecosystem with Hugging Face.
Nvidia's advanced talks to buy Hugging Face for about $14 billion are an offensive/defensive move to keep its AI ecosystem flywheel going and ensure open-source AI models thrive alongside closed models, because closed-model players are working with rivals on alternatives to Nvidia's technology.
Dell has AI server upside, growing.
Dell's results included a large revenue upside of about $25 billion this year, roughly 10% ahead of consensus, likely to carry into FY27-28; Dell is a big Nvidia partner and its server sales in both AI and traditional inference servers confirm the broader AI server environment is still growing strongly.
AI benefits tech, software, and power.
AI is not just about semiconductors; software and power/utilities are seeing real AI-driven benefits in earnings, sales growth is real, multiples have de-rated, and ING remains overweight tech and power to lean into the AI earnings bonanza.
European banks, insurers, energy are attractive.
Europe is challenged by lack of AI innovation, data center capacity and energy costs, but its appeal is diversification away from heavy USD exposure; within Europe, stock-specific opportunities are banks, insurance companies and energy companies, some energy names trading at about a 2x valuation gap versus US peers.
Oil ratchets higher on Hormuz risk.
The renewed US-Iran conflict and attacks around the Strait of Hormuz are causing energy traders to price in a reinstallation of conflict risk, with oil prices ratcheting higher; oil is up nearly 10% over five days and diesel is up 10%.
European gas supply remains tight.
European natural gas supply looks really tough with one month to boost inventories before winter; there is growing global competition for gas supply, with countries like Pakistan needing more natural gas, leaving Europe facing a tight market.
Далее
This Bloomberg Markets video, published September 02, 2026, features Olivier Roussat, Matt Bloxham, Anneka Treon, Will Kennedy discussing Bouygues, TFI, NVDA, DELL, XLK, XLU, EUFN, European energy companies, WTI, DIESEL, UNG. 8 trade ideas extracted by AI with direction and confidence scoring.
Speakers: Olivier Roussat, Matt Bloxham, Anneka Treon, Will Kennedy · Tickers: Bouygues, TFI, NVDA, DELL, XLK, XLU, EUFN, European energy companies, WTI, DIESEL, UNG