NVDA ▲ +1.2% - NVIDIA Corporation $NVDA Needham Reiterates Buy on NVDA , PT $300. Needham sees the $12.93B Hugging Face deal as a strategic move to deepen NVIDIA’s role in the open-source AI ecosystem, while keeping the platform open and hardware-agnostic. Deal expected to close in 1H27. Nvidia shares rose 1.2% following Needham's reiterated buy rating and $300 price target, with the analyst viewing the company's acquisition of Hugging Face as a strategic expansion of its position in the open-source AI ecosystem. Needham emphasized that the $12.93 billion deal, expected to close in the first half of 2027, will allow Nvidia to deepen its influence while maintaining the platform's open and hardware-agnostic nature. 04-SEP-2026 07:20 AM ET