NVIDIA Is Buying Hugging Face for $13 Billion. Here’s the Strategy Behind It

Key Stats for NVIDIA StockCurrent Price: $225. 51Target Price (Mid): ~$660Street Target: ~$328Potential Total Return: ~193%Annualized IRR: ~28% / yearWhat Happened?NVIDIA (NVDA) is paying nearly $13 billion for a company with about $150 million in revenue.