Nvidia has completed its approximately $12.93 billion acquisition of Hugging Face, expanding the chipmaker’s reach into open-source AI software, models, datasets and development frameworks. Hugging Face’s leadership said the platform will retain its open-access philosophy. The deal comes as some of Nvidia’s major customers develop proprietary chips, giving Nvidia a role in AI workflows beyond dependence on its hardware. Snowflake shares rose more than 20% after second-quarter product revenue reached $1.49 billion, up 37% year over year, while total revenue was $1.55 billion. The company lifted fiscal 2027 product-revenue guidance to about $6.07 billion from $5.84 billion, and Chief Executive Officer Sridhar Ramaswamy said AI-related products accounted for about half of recent growth momentum. Broadcom projected AI semiconductor revenue of about $115 billion in fiscal 2027 and potentially $230 billion in 2028, after third-quarter AI chip sales reached $16.7 billion. Its total quarterly revenue was $29.59 billion, although the stock fell after near-term guidance slightly missed analyst consensus. Hewlett Packard Enterprise reported quarterly revenue of $12.21 billion, up 33.7% year over year, and adjusted earnings of $1.11 per share. HPE raised its fiscal 2026 revenue-growth forecast to 34%-37% and expects 13%-17% growth in fiscal 2027, while warning that demand for AI servers and networking equipment exceeds supply. Brent crude rose about 1.7% to $97.29 a barrel and West Texas Intermediate gained about 2.2% to $93.04 as renewed U.S. military operations targeting Iranian interests raised concerns about disruptions through the Strait of Hormuz. Higher oil prices could increase fuel and logistics costs, add to inflationary pressure and affect Federal Reserve monetary-policy deliberations.