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Stock impact report

Nvidia's "Aqui-Hire" of Groq Eliminates a Potential Competitor and Marks Its Entrance Into the Non-GPU, AI Inference Chip Space [Yahoo! Finance]

NVIDIA Corporation (NVDA) 
Last nvidia corporation earnings: 2/13 04:20 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.nvidia.com/home/default.aspx
Company Research Source: Yahoo! Finance
Nvidia's reportedly paying $20 billion for this deal, about three times Groq's most recent valuation. Groq founder and CEO Jonathan Ross -- who will join Nvidia along with other Groq personnel -- is widely considered the creator of Google's TPU. 10 stocks we like better than Nvidia › On Friday, artificial intelligence (AI) chip start-up Groq announced via a very brief press release that it "has entered into a non-exclusive licensing agreement with Nvidia (NASDAQ: NVDA) for Groq's inference technology." The deal also includes Jonathan Ross, Groq's founder and CEO, Sunny Madra, Groq's president, and other members of the Groq team joining Nvidia to "help advance and scale the licensed technology." This was a smart move by Nvidia, in my view. Nvidia has tons of cash, and it makes sense to use it to accomplish two goals at once: eliminate a potential competitor and obtain a new chip technology to offer its customers. Here's what investors should know. That Nvidia is not only Show less Read more
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