Nvidia shares closed Friday at $230.36, up 0.84% after gaining as much as 2% intraday and nearing the record close of $235.74 reached on May 14. The stock has benefited from sustained demand for artificial intelligence chipmakers and a series of strategic corporate moves. Nvidia completed its approximately $13 billion acquisition of Hugging Face, an open-source AI model platform used by more than 18 million developers and over 200,000 enterprises. Nvidia said Hugging Face will remain an open platform for the broader AI community. Nvidia’s portfolio company Anthropic, which received a commitment of up to $10 billion from Nvidia last year, is reportedly moving toward an initial public offering that could provide a public valuation reference for the investment. The company also invested $3.5 billion in Taiwan-based chip designer MediaTek, which plans to integrate Nvidia’s NVFusion platform. Lenovo and Acer are preparing Windows PCs with Nvidia’s RTX Spark processor for October, while HP plans upcoming OmniBook models using the technology. Wall Street retains a Moderate Buy consensus, with a mean price target of $324.83; JPMorgan raised its target to $320 and Evercore maintains a $465 target. Nvidia reported second-quarter earnings per share of $2.22 against expectations of $2.09, revenue of $96.22 billion versus an estimate of $92.27 billion, and year-over-year revenue growth of 105.9%. Its board authorized an $80 billion stock repurchase program. Institutional investors own 65.27% of outstanding shares, although executives have also sold stock through predetermined Rule 10b5-1 trading plans.