Good evening, this is Markets Desk with your end-of-day briefing.
Nvidia has agreed to acquire Hugging Face for twelve point nine three billion dollars, in a deal signed September third of two thousand twenty six. The move signals Jensen Huang's ambition to extend Nvidia's reach well beyond silicon, planting the company at the center of AI model development and open-source infrastructure. It ranks among the largest AI acquisitions of the year.
Turning to semiconductors, Credo Technology posted a revenue beat with top-line growth of one hundred fifteen percent, and yet the stock sank this week. That disconnect tells you something important — when expectations are priced to perfection, even a genuine beat can disappoint if forward guidance or margin commentary falls short of what the market had quietly assumed.
Meanwhile in Seoul, the KOSPI is clawing back toward the six thousand six hundred level after a brief pause in its two-day rally. The index sits just beneath six thousand five hundred eighty, and futures are pointing higher at the open. The move reflects a broader recovery in risk appetite across Asian markets as macro headwinds show early signs of easing.
That's the tape. Markets Desk, signing off the floor.
