Nvidia Heads Toward $100B Quarterly Revenue Milestone

NVIDIA expanded its NVLink Fusion platform with NVHBM, a custom high-bandwidth memory technology that integrates the memory controller into the HBM base die rather than the XPU die. This design delivers up to 30% greater memory bandwidth, 15% lower HBM power consumption, and frees 25% more compute area on the XPU compared to standard HBM4E. Amazon's Annapurna Labs will be the first to implement NVHBM in its next-generation Trainium4 chips, enabling closer integration between custom AI accelerators and NVIDIA GPUs.

SoftBank is negotiating to acquire a majority stake in 1X Technologies, an OpenAI-backed humanoid robot developer, at a $6 billion valuation. The deal would provide 1X with additional funding after the 12-year-old startup fell short of its $1 billion fundraising target last fall, raising less than half that amount. The investment aligns with SoftBank's robotics strategy and would give 1X runway to deploy soft-bodied robots in customer homes for household tasks.

Amazon is committing to purchase an additional 2 million Nvidia GPU chips over the next two years, tripling its previous order as it responds to surging demand for AI infrastructure. The expanded partnership extends beyond chip procurement alone. The move underscores the intense competition for GPU capacity among cloud providers building out AI capabilities.

Nvidia has agreed to acquire Hugging Face, an open-source AI model repository, for $12.9 billion. The deal positions Nvidia to influence the competitive landscape between open and closed-source AI development. Nvidia's leadership views the acquisition as a strategic move to maintain its hardware dominance by supporting open-source alternatives that can counterbalance closed-source competitors like Anthropic and OpenAI, which are developing their own AI chips to reduce reliance on Nvidia.