By Ari Levy
Publication Date: 2025-12-26 19:22:00
Nvidia founder and CEO Jensen Huang looks on as US President Donald Trump speaks at the US-Saudi Investment Forum at the John F. Kennedy Center for the Performing Arts in Washington, DC on Nov. 19, 2025.
Brendan Smialowski | AFP | Getty Images
It’s been two days since news broke that Nvidia was spending $20 billion to acquire top talent from Groq in what the chip startup called a “non-exclusive licensing agreement.”
Nvidia, the world’s most valuable company, hasn’t issued a press release or regulatory filing and, according to a spokesperson, is only confirming the contents of Groq’s 90-word blog post published after the close of holiday-shortened trading on Wednesday.
“They’re so big now that they can do a $20 billion deal on Christmas Eve with no press release and nobody bats an eye,” said Stacy Rasgon, an analyst at Bernstein, in a Friday interview with CNBC’s “Squawk on the Street.”
While neither company confirmed the price tag, CNBC learned from Groq lead investor Alex Davis on Wednesday that Nvidia had agreed to buy assets from Groq, a designer of high-performance artificial intelligence accelerator chips, for $20 billion in cash. Davis’ firm, Disruptive, has invested more than half a billion dollars in Groq and led the startup’s latest financing round in September at a $6.9 billion valuation.
Groq founder and CEO Jonathan Ross along with Sunny Madra, the company’s president, and other senior leaders “will join Nvidia to help advance and scale the licensed technology,”…
