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The Twenty Minute VC (20VC) · Thursday, September 3, 2026

NVIDIA Reports Record-Breaking $96 Billion Quarter, Nears Hugging Face Acquisition

NVIDIA has announced a record-breaking quarter with $96.2 billion in revenue, exceeding analyst expectations. The company is also nearing a $12.9 billion deal to acquire Hugging Face, a move that could significantly impact the AI landscape.

tickerNVDApersonJansencompanyNVIDIAcompanyHugging Face

The tape

2 quotes
NVIDIA crushed it again. Jansen standing on stage with $96.2 billion dollar quarter.
Harry Savitz
He immediately went shopping, nearing the $13 billion price tag with the $12.9 billion that they paid for Hugging Face, which was confirmed just after we did last week's recording.
Harry Savitz
Heard on The Twenty Minute VC (20VC) — “20VC: NVIDIA Crushes Quarter and Buys Hugging Face | OpenAI Cuts Off Cursor | Instinct Hits $2.5BN Valuation and The Race for AI Assistants | Cognition Raises at $46BN, Linear $2.5BN and Clay $7BN, published Thursday, September 3, 2026. Heardvine summarizes and quotes with attribution and timestamps, and links to the original everywhere.
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NVIDIA Reports Record-Breaking $96 Billion Quarter, Nears Hugging Face Acquisition — Heardvine