Reported $14B NVIDIA bid for Hugging Face prices it at 93x its $150M ARR

thedealdirector · x · 2026-09-03

Analyst thedealdirector breaks down NVIDIA's reported acquisition of Hugging Face: $14B, a 93x multiple on $150M ARR. Unprofitable but accelerating (from $100M ARR early this year). Following the OpenRouter deal, players are racing to secure model/API access outside the hyperscaler ecosystem. He contrasts HF's GTM-averse French leadership with OpenRouter's full sales buildout. Deal unconfirmed.

Related event: Nvidia Officially Agrees to Acquire Hugging Face for $12.93 Billion(47 posts)→

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