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Stockreport

Nvidia's Groq deal underscores how the AI chip giant uses its massive balance sheet to 'maintain dominance' [Yahoo! Finance Canada]

NVIDIA Corporation (NVDA)  More Company Research Source: Yahoo! Finance Canada
Last nvidia corporation earnings: 2/13 04:20 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.nvidia.com/home/default.aspx
Nvidia this week said it struck a non-exclusive deal with Groq to license its technology and hired the startup's founder and CEO Jonathan Ross, its president, and other employees. CNBC reported the agreement to be worth $20 billion , marking Nvidia's largest-ever deal. (The company declined a request for comment on the figure.) Bernstein analyst Stacy Rasgon said in a note to clients Thursday that the Nvidia-Groq deal “appears strategic in nature for NVDA as they leverage their increasingly powerful balance sheet to maintain dominance in key areas.” Nvidia's cash inflow climbed more than 30% from the previous year to $22 billion in its most recent quarter. "This transaction is ... essentially an acquisition of Groq without being labeled one (to avoid the regulators' scrutiny)," added Hedgeye Risk Management analysts in a note Friday. NVIDIA Corporation (NVDA) The move is just the latest in a string of AI deals by Nvidia, the world's first $5 trillion company . The chipmaker's [Read more]
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Stockreport

Nvidia's Groq deal underscores how the AI chip giant uses its massive balance sheet to 'maintain dominance' [Yahoo! Finance Canada]

NVIDIA Corporation  (NVDA) 
More Company Research Source: Yahoo! Finance Canada
Last nvidia corporation earnings: 2/13 04:20 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.nvidia.com/home/default.aspx
Nvidia this week said it struck a non-exclusive deal with Groq to license its technology and hired the startup's founder and CEO Jonathan Ross, its president, and other employees. CNBC reported the agreement to be worth $20 billion , marking Nvidia's largest-ever deal. (The company declined a request for comment on the figure.) Bernstein analyst Stacy Rasgon said in a note to clients Thursday that the Nvidia-Groq deal “appears strategic in nature for NVDA as they leverage their increasingly powerful balance sheet to maintain dominance in key areas.” Nvidia's cash inflow climbed more than 30% from the previous year to $22 billion in its most recent quarter. "This transaction is ... essentially an acquisition of Groq without being labeled one (to avoid the regulators' scrutiny)," added Hedgeye Risk Management analysts in a note Friday. NVIDIA Corporation (NVDA) The move is just the latest in a string of AI deals by Nvidia, the world's first $5 trillion company . The chipmaker's [Read more]
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NVDA
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