- U.S. stock futures remained relatively flat on Tuesday evening as investors anticipated upcoming inflation data and Nvidia's second-quarter earnings report.
- The market awaited the release of the July PCE inflation report alongside results from major technology firms like CrowdStrike, Salesforce, Okta, and HP.
- Nvidia was expected to report an EPS of $2.10 on $92.18 billion in revenue, with its market capitalization exceeding $5 trillion giving the report significant potential to influence the broader market.
- AI model-sharing platform Hugging Face has reportedly been approached for an acquisition valuation of $13 billion or higher and is reviewing bids with banks.
- This potential valuation is nearly triple its $4.5 billion post-money valuation from 2023, following an earlier rejected $500 million offer from Nvidia that valued the company at $7 billion.
- Serving as a core infrastructure provider for machine learning akin to GitHub, Hugging Face recently reached 13 million users and over 2 million public models while closing in on profitability.
- MP Materials and The Metals Company are compared as key players in securing U.S. rare-earth elements amidst China's market dominance.
- MP Materials operates an active North American facility, benefits from a Department of Defense price protection agreement, and holds long-term supply deals with major corporations.
- The Metals Company pursues high-value deep-sea mining in the Pacific, but faces significant regulatory hurdles and operational risks that make it a riskier investment.