Nvidia Partners with AI Startup Groq, Shares Surge

Nvidias shares surged over 1.5% early Friday, fueled by news of a partnership with AI chip startup Groq. The deal, which keeps Groq independent, brings key team members to Nvidia to scale their AI inference chip technology. Investors cheered the move, seeing it as a sign of Nvidias continued AI dominance. Reports of a potential $20 billion acquisition were denied, but Groqs CFO, Simon Edwards, will lead the company as CEO. Wall Street analysts remain bullish, with an average price target of $254, well above recent levels. This partnership highlights the intensifying AI race, just in time for year-end.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.