Nvidia is in advanced negotiations to acquire AI startup Hugging Face for approximately $14 billion, with a deal potentially reached as early as this week. The transaction includes a $1 billion employee retention plan. Sources caution that no final agreement has been signed, and terms could still change. If completed, it would be Jensen Huang's largest deal to expand AI applications, giving Nvidia control over a key platform where developers share AI models.

U.S. semiconductor and storage names moved lower during intraday trading on Sept. 1, according to market data from BIT (bit.com). The Philadelphia Semiconductor Index fell more than 3%, while several major chip and storage-related stocks posted losses across the session. Intel led the declines among the listed names, down 3.88%, followed by AMD at 3.48% and Nvidia at 3.25%. In storage, Micron Technology slipped 2.53%, Sandisk fell 2.26%, Seagate Technology lost 3.06%, and Western Digital dropped 1.94%. SK Hynix ADR also traded lower, down 2.41%. The move reflected broad weakness across the semiconductor and storage segment during U.S. market hours.

US stocks opened lower on Tuesday, with the Dow falling 0.64%, the S&P 500 dropping 0.71%, and the Nasdaq declining 1.31%. Major tech stocks were broadly weaker, with Intel and Qualcomm down nearly 3%, AMD and Meta falling over 2%, and Tesla, Alibaba, and Nvidia dropping nearly 2%.

Long rolled out LongX on Sept. 1 on Robinhood Chain, introducing NVDA 3x Long, or NVDAx3L, as its first product. The token wraps a 3x leveraged Nvidia position from Lighter into an ERC-20 format and launched alongside the demo pair DEMOTHREE/NVDAx3L. By press time, DEMOTHREE had reached a peak market capitalization of $6 million with roughly $3.2 million in trading volume. On the same day, AI, short for Artificial Inu and the first NVDA-paired meme token on Long, climbed to about $213 million in market capitalization, according to GMGN data. The article outlines how LongX works, including open minting through a vault contract, NAV-based issuance and redemption, and state-proof-based valuation submitted from Lighter to Robinhood Chain. It also details Long’s claim that fees from liquidity provision, minting, and trading activity tied to NVDAx3L will flow back to AI, while warning that the setup is "highly experimental" and that only the official demo pair is protected for now. Foresight’s report also compares Long with rivals including RobinVista, Pons, and Bankr, and highlights Community Mode as Long’s main structural differentiator. The piece closes with a review of risks tied to stock-paired meme tokens and the added exposure introduced by leveraged versions.

A new on-chain trading format is pairing meme coins with tokenized U.S. equities, using assets such as NVDA, GME, TSLA, HIMS and SPCX as liquidity pools for newly issued Stock Meme tokens. The activity has gained traction on Robinhood Chain through platforms such as LONG.xyz and has spread to BSC and Solana. The structure combines meme-coin speculation with exposure to the price of the underlying stock token. AI/NVDA briefly reached a market capitalization between $100 million and $190 million, while BONER/HIMS grew from several million dollars to nearly $100 million during a weekend market closure. Rabbit/WYFI exceeded $10 million shortly after launch. The arrangement also carries a significant structural risk: the meme coins do not have a 1:1 redemption relationship with the underlying stock tokens. Those tokens serve as quoted assets rather than collateral backed by fiat currency or actual shares. A decline in trading interest could leave the meme coins exposed to depegging, a sharp contraction in their premium and an abrupt withdrawal of liquidity.

A meme coin called "i am fable" on Robinhood Chain swung wildly within hours of launch, briefly climbing above a $10 million market cap before falling more than 90%. The sell-off followed two X posts from Kevin Ngo, who said his account had been hacked and that he did not endorse any token. BlockTempo reported that the token’s deployer wallet matched an address previously shared publicly by @fablesmind, an AI-themed account linked to Ngo’s broader online presence. On-chain records reviewed in the report showed the wallet continued to collect revenue from PONS fee contracts even after the public denial. Over three hours, the address received 11 withdrawals totaling 79.99 ETH, worth about $197,000 at the quoted spot value in the article, including three post-denial withdrawals worth roughly $34,600. The wallet itself reportedly held no fable tokens. The report also said @fablesmind later posted a portfolio snapshot showing exposure to tokenized stocks including NVDA, AMD and INTC on Robinhood Chain, while Ngo had not explained how the account was compromised or who controlled the wallet at publication time.

A broad decline in AI concept stocks was observed in US pre-market trading on September 1, with MRVL leading the drop at 2.47%, followed by SAP at 2.36%, CDNS at 1.83%, NOW at 1.73%, and MU at 1.72%. The data comes from MSX.COM, a decentralized RWA trading platform that has listed hundreds of RWA tokens representing US equities and ETFs, including AAPL, AMZN, and others.

Robinhood Chain is seeing a surge in stock-backed meme trading, with tokenized equities becoming the base assets for new meme pairs instead of ETH, SOL, BNB, or stablecoins. Platforms including Long.xyz, Bankr, and Pons V2 have begun supporting meme launches backed by tokenized U.S. stocks, helping push RWA activity higher on the chain. Dune data cited by PANews shows Long.xyz led the segment on Sept. 1 with more than $22.2 million in daily volume and a 72.1% market share. The BONER/HIMS case has become the clearest example of how meme demand can tighten float in a very small on-chain stock market: BONER buys route through HIMS, locking more of the tokenized stock into liquidity pools and reducing tradable supply. During a weekend market closure, that dynamic briefly pushed on-chain HIMS to about $132 while the underlying stock had closed near $29. PANews notes that the premium has mostly disappeared after the stock market reopened. The report also highlights a separate plan from crypto KOL Rune, who said he spent about $1.8 million to build a 37.4% stake in a Nasdaq-listed company and intends to tokenize that position on Robinhood Chain for a meme-linked trading experiment.