Nvidia is in early-stage discussions with South Korean AI chip startup Rebellions about a possible technical partnership, investment, or full acquisition, according to a report dated August 21, 2026. CEO Jensen Huang met Rebellions co-founder and CEO Sunghyun Park at Nvidia’s Santa Clara headquarters this week, signaling serious interest. Both companies declined to comment, and talks remain preliminary.
Rebellions, founded in 2020, focuses on neural processing units (NPUs) built for AI inference workloads in data centers. It has raised roughly $850 million from backers including SK Hynix, Samsung Ventures, and Arm Holdings, and is valued at approximately $2.3 billion. The South Korean government also holds a direct investment. Any deal would face regulatory scrutiny in the United States and South Korea, where semiconductors are considered strategic national assets.
Meanwhile, BMO Capital initiated coverage on Nvidia with an Outperform rating and a $340 price target, calling the stock its “top pick” among semiconductor and quantum computing names. Analyst Harsh Kumar cited a defensible end-to-end hardware/software moat that the market is underpricing. Nvidia trades at 18x forward P/E, and BMO projects revenue growth of 84% in FY27 and 50% in FY28. The firm also flagged Nvidia’s next-gen Vera Rubin NVL72 system, expected to ramp in the second half of the year, as a key catalyst.
BMO noted that much of Nvidia’s production capacity is already sold out for the next 12 or more months. Nvidia posted a 74% gross margin and 71% revenue growth over the last twelve months. Other analysts remain bullish: Oppenheimer has an Outperform rating and $265 target, Stifel has a Buy with a $282 target, and TD Cowen has a Buy with a $275 target. Nvidia is set to report second-quarter earnings soon, which will test those calls.
BMO also initiated coverage on other semiconductor names, including Broadcom with a $455 target, AMD with a $550 target, and Marvell with a $250 target. Nvidia stock traded at $216.18 on Thursday, down 0.31%, while InvestingPro data flagged the stock as undervalued. Moody’s rates Nvidia Aa1 with a positive outlook, and S&P holds an AA issuer credit rating.
