NVIDIA to Acquire Hugging Face for $12.93 Billion, Google Repurposes DDR4, Micron Investigates NAND Flash for GPUs

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CFT measures are under review as U.S. initial jobless claims rose to 206,000 for the week ending August 29, the highest since August 15. Federal Reserve Governor Waller stated that the September rate hike will depend on the August CPI data. Market expectations for a hike are now at 60.4%. NVIDIA agreed to acquire Hugging Face for $12.93 billion to expand AI accessibility, with the deal expected to close in early 2027. Google is recycling DDR4 memory from retired servers to build a supply chain, while Micron is exploring NAND flash for GPUs to enhance I/O speed. Risk-on assets have seen renewed interest amid these developments.
ME AI Message: Key market news ahead of U.S. trading hours: 1. U.S. initial jobless claims rose slightly above expectations, reaching 206,000 for the week ending August 29—the highest level since the week ending August 15—compared to the market expectation of 205,000. 2. Federal Reserve Governor Waller stated that the decision on whether to raise rates in September will heavily depend on next week’s August CPI data. Market expectations for a September rate hike have been reduced, with the probability now at 60.4%. 3. NVIDIA has agreed to acquire the open-source AI platform Hugging Face for $12.93 billion to expand global access to AI for developers and institutions. The acquisition is expected to close in the first half of 2027. 4. To overcome memory bottlenecks, Google is simultaneously developing both software and hardware solutions, even dismantling retired servers to recycle reusable DDR4 components and establish an internal recycling supply chain. 5. U.S. major stock index futures rose slightly in pre-market trading: Dow Jones futures up 0.44%, S&P 500 futures up 0.19%, and Nasdaq 100 futures up 0.04%. 6. NVIDIA, in collaboration with internet service provider Equinix and open-source model inference platform Together AI, is launching a distributed AI inference service, planned for Q1 2027. The service aims to reduce data latency and lower the cost of migrating proprietary models to open-source alternatives. 7. Micron Technology is reportedly exploring solutions to develop high-durability NAND flash modules, researching ways to position NAND flash closer to GPUs to enhance I/O speed, bandwidth, and read performance. 8. A senior vice president at TSMC said demand for chip manufacturing equipment has nearly doubled since the end of last year, with quarterly equipment procurement estimates raised in July to approximately 1.9 times the forecast made in December of last year. 9. Broadcom aims to deploy 1.3 gigawatts of computing power for its jointly developed Jalapeño chip with OpenAI by 2027, with long-term potential to exceed 5 gigawatts. 10. TrendForce estimates that price increases for Apple’s new devices will be contained within a range of 10%–20%. The starting price for Apple’s first foldable phone, the iPhone Fold series, is projected to be between $2,099 and $2,299. (Source: BlockBeats)
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