Exclusive: Nvidia buying AI chip startup Groq for about $20 billion in its largest acquisition on record [CNBC]
NVIDIA Corporation (NVDA)
Last nvidia corporation earnings: 2/13 04:20 pm
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Source: CNBC
Key Points The company was founded by creators of Google's tensor processing unit, or TPU, which competes with Nvidia for artificial intelligence workloads. Groq was valued at $6.9 billion in a financing round in September. In this article Jonathan Ross, chief executive officer of Groq Inc., during the GenAI Summit in San Francisco, California, US, on Thursday, May 30, 2024. David Paul | Bloomberg | Getty Images Nvidia has agreed to buy Groq, a designer of high-performance artificial intelligence accelerator chips, for $20 billion in cash, according to Alex Davis, CEO of Disruptive, which led the startup's latest financing round in September. Davis, whose firm has invested more than half a billion dollars in Groq since the company was founded in 2016, said the deal came together quickly. Groq raised $750 million at a valuation of about $6.9 billion three months ago. Investors in the round included Blackrock and Neuberger Berman, as well as Samsung, Cisco, Altimeter and
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NVDA
News
- Exclusive: Nvidia buying AI chip startup Groq's assets for about $20 billion in largest deal on record [MSNBC.com]MSNBC.com
- Nvidia to licence Groq technology, hire executives [BNN Bloomberg (Canada)]BNN Bloomberg
- Nvidia Is Breaking Out, Don't Get Left Behind [Seeking Alpha]Seeking Alpha
- Nvidia pays a reported $20 billion for most of the AI chip startup Groq. [Verge, The]Verge, The
- Nvidia acquires AI chip challenger Groq for $20B, report says [Yahoo! Finance]Yahoo! Finance
NVDA
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- 11/19/25 - Beat
NVDA
Sec Filings
- 12/22/25 - Form 4
- 12/22/25 - Form 4
- 12/19/25 - Form 144
- NVDA's page on the SEC website