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Nvidia acquires AI chip challenger Groq for $20B, report says [TechCrunch]

NVIDIA Corporation (NVDA)  More Company Research Source: TechCrunch
Last nvidia corporation earnings: 2/13 04:20 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.nvidia.com/home/default.aspx
with Groq on its side, Nvidia is poised to become even more dominant in chip manufacturing. As tech companies compete to grow their AI capabilities, they need computing power, and Nvidia's GPUs have emerged as the industry standard. But Groq has been working on a different type of chip called an LPU (language processing unit), which it has claimed can run LLMs at 10 times faster and using one-tenth the energy. Groq's CEO Jonathan Ross is known for this sort of innovation — when he worked for Google, he helped invent the TPU (tensor processing unit), a custom AI accelerator chip. In September, Groq raised $750 million at a $6.9 billion valuation. Its growth has been quick and significant — the company said that it powers the AI apps of more than 2 million developers, up from about 356,000 last year. TechCrunch reached out to Nvidia for comment. Subscribe for the industry's biggest tech news Latest in AI [Read more]
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Stockreport

Nvidia acquires AI chip challenger Groq for $20B, report says [TechCrunch]

NVIDIA Corporation  (NVDA) 
More Company Research Source: TechCrunch
Last nvidia corporation earnings: 2/13 04:20 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.nvidia.com/home/default.aspx
with Groq on its side, Nvidia is poised to become even more dominant in chip manufacturing. As tech companies compete to grow their AI capabilities, they need computing power, and Nvidia's GPUs have emerged as the industry standard. But Groq has been working on a different type of chip called an LPU (language processing unit), which it has claimed can run LLMs at 10 times faster and using one-tenth the energy. Groq's CEO Jonathan Ross is known for this sort of innovation — when he worked for Google, he helped invent the TPU (tensor processing unit), a custom AI accelerator chip. In September, Groq raised $750 million at a $6.9 billion valuation. Its growth has been quick and significant — the company said that it powers the AI apps of more than 2 million developers, up from about 356,000 last year. TechCrunch reached out to Nvidia for comment. Subscribe for the industry's biggest tech news Latest in AI [Read more]
IMPACT SNAPSHOT
EVENT TIME:
NVDA
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS