Nvidia stock eases after huge MediaTek and Hugging Face bets

Published on 09/02/2026 at 07:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Nvidia stock is consolidating after a post-earnings surge, as investors weigh a $3.5 billion partnership with MediaTek and talks over a roughly $14 billion Hugging Face acquisition alongside triple-digit revenue growth.

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Nvidia (ISIN US67066G1040) stock is trading below its recent post-earnings peak, with a latest quoted level around 217.44 dollars as of September 1, 2026 according to data compiled by a US investing portal, after an intraday high of 230.39 dollars earlier in the week following strong quarterly figures.

AI deals with MediaTek and Hugging Face reshape the story

The latest catalyst for Nvidia is a deepening of its AI chip ecosystem through a 3.5 billion dollar investment in Taiwanese chip designer MediaTek via convertible bonds, as reported on September 1, 2026 by a regional US newspaper and international financial media.

According to a detailed breakdown from a major business broadcaster, MediaTek shares jumped 10 percent on September 1, 2026 and added about 20 billion dollars in market value after announcing the Nvidia partnership, underscoring how Nvidia’s capital and technology can move the broader AI hardware space.

The partnership will see MediaTek offering Nvidia’s NVLink Fusion platform and NVHBM high-bandwidth memory technology to customers developing custom AI chips, integrating those semiconductors more tightly with Nvidia’s data center infrastructure and reinforcing Nvidia’s position in accelerators for training and inference.

In parallel, market reports on September 2, 2026 indicate that Nvidia is in advanced talks to acquire AI startup Hugging Face in a transaction that may total about 14 billion dollars, with a core deal size of roughly 12.9 billion dollars being discussed and a potential agreement expected as soon as this week, though terms may still change.

This prospective Hugging Face deal, highlighted by a large Indian financial news outlet on September 2, 2026, would further embed Nvidia in the AI software and model ecosystem, complementing its role as the leading maker of AI accelerators and expanding its influence beyond hardware into developer tools and platforms.

Quarterly results show triple-digit growth and new guidance

Behind these strategic steps, Nvidia’s most recent fiscal quarter – fiscal second quarter 2027, which ended in mid 2026 – delivered extraordinary growth: revenue reached about 96.2 billion dollars, more than doubling versus the prior-year quarter and equating to a roughly 106 percent increase year over year according to several financial analysis pieces published on September 1, 2026.

Adjusted earnings per share in the same fiscal Q2 2027 climbed to 2.22 dollars, up around 120 percent compared with the prior-year period, while adjusted net income reached approximately 54.0 billion dollars, a jump of 29.2 billion dollars year over year, illustrating how Nvidia’s profitability is expanding even faster than its already explosive revenue base.

Data center sales are the core of this performance: one semiconductor-focused commentary on September 2, 2026 notes that Nvidia’s data center revenue in fiscal Q2 2027 was about 89.0 billion dollars, an increase of roughly 117 percent from the prior-year quarter, highlighting the continued surge in demand for AI infrastructure.

Looking ahead, Nvidia has guided for fiscal third quarter 2027 revenue of about 108.0 billion dollars, compared with roughly 57.0 billion dollars in the prior-year quarter, implying expected year-over-year growth between roughly 85.7 percent and 93.2 percent based on guidance ranges cited by a technology-focused financial portal on September 1, 2026.

One analysis also emphasizes that Nvidia is projecting around 70 percent revenue growth for full-year 2027 versus the previous year, significantly above analysts’ consensus expectations of roughly 44 percent growth, which helped initially propel the stock higher before the latest consolidation.

Stock consolidates after post-earnings spike

Despite these numbers, Nvidia’s share price reaction has been mixed: one US investing site notes that after the earnings release, Nvidia shares opened about 6 percent higher and reached an intraday high of 230.39 dollars – a gain of 9.9 percent – before sliding back and ending a subsequent trading day down 5.5 percent, leaving the stock only marginally above its pre-earnings closing level.

The same portal’s key data points show a current price around 217.44 dollars, representing a daily change of minus 1.51 percent or about 3.34 dollars on September 1, 2026, suggesting that investors are digesting the strong guidance and ambitious investment plans rather than chasing the stock further in the immediate aftermath.

Regional semiconductor market coverage on September 2, 2026 adds that the broader Philadelphia Semiconductor Index fell about 3.00 percent to roughly 11,188.78 points, with Nvidia down around 2.30 percent on the same day, indicating that the stock’s pullback is occurring in the context of a wider sector correction and rising interest-rate concerns rather than purely company-specific disappointment.

From a correlation perspective, an analysis on a Korean financial portal previously pointed out that Nvidia’s performance has recently diverged from many other semiconductor names, with a reported correlation of around 0.03 versus a basket of chip stocks, implying that Nvidia’s unique AI positioning can cause its stock to decouple from traditional memory and logic peers.

Representative product: AI data center platforms

Nvidia’s reported data center revenue of about 89.0 billion dollars in fiscal Q2 2027, with growth of roughly 117 percent year over year, reflects strong demand for its AI accelerator platforms such as the H100 and successor architectures, which underpin cloud and enterprise training clusters worldwide and are increasingly paired with partner solutions like MediaTek’s custom chips.

Stock level and investor takeaway

With Nvidia stock trading around 217.44 dollars as of September 1, 2026, below the recent intraday high of 230.39 dollars but supported by guidance for fiscal Q3 2027 revenue of about 108.0 billion dollars and a projected 70 percent full-year 2027 revenue increase versus the prior year, investors are weighing short-term volatility against the scale of Nvidia’s data center and AI-related growth.