Groq execs to join NVIDIA
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A new type of dealmaking is on the rise in Silicon Valley as Nvidia reaches a non-exclusive deal with a chip startup and hires its top engineers.
Nvidia has now entered into a non-exclusive licensing deal with AI hardware startup Groq. As part pf the agreement the chipset major is also bringing .
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Congressional Democrats oppose NVIDIA's advanced H200 chip sales to China, with lawmakers calling the decision a threat to U.S. military security.
Michael Burry of "The Big Short" fame said the US needs to shift away from "power-hungry" chips, but Nvidia has a "death grip" on the sector.
Nvidia has told Chinese clients it aims to start shipping its second-most powerful AI chips to China before the Lunar New Year holiday in mid-February, three people familiar with the matter told Reuters.
Nvidia has been a dominant force in the AI computing market since the AI buildout began in 2023. However, viable alternatives are starting to pop up that could challenge Nvidia's dominance. If Nvidia's empire starts to crack, two stocks could soar in its place.