NVIDIA Corporation (NASDAQ:NVDA) is one of the 10 Best Stocks in Chase Coleman’s Tiger Global Portfolio.
On June 3, 2026, NVIDIA Corporation (NASDAQ:NVDA) acquired Kumo AI, a four-year-old startup specializing in predictive business foundation models, according to sources familiar with the matter, said Fortune
The financial terms of the acquisition remain undisclosed. Meanwhile, Kumo’s co-founders, Vanja Josifovski, Hema Raghavan, and Jure Leskovec, transitioned to NVIDIA last month. Kumo is backed by $37 million in venture capital from firms like Sequoia Capital and possesses technology that provides instant data predictions for customer churn and credit risk without additional training.
This recent acquisition is seen as part of NVIDIA Corporation (NASDAQ:NVDA)’s aggressive M&A strategy, which aims at enhancing its full-stack AI ecosystem. Most visibly, in December 2025, the company entered into a $20 billion “acqui-hire” agreement to acquire crucial technology and personnel from Groq. In another development, on June 1, 2026, NVIDIA Corporation (NASDAQ:NVDA) announced a new consumer “superchip” designed for personal AI agents – the RTX Spark.