Declined to comment on the Groq transaction when asked by media.
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Nvidia reported record $68 billion quarterly revenue with 73% year-over-year growth driven by exponential demand for AI compute, while maintaining near-monopoly control over GPU supply despite emerging Chinese competitors.
“CFO addressing China export restrictions and competitive threats from Chinese chip companies”
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“Nvidia's CFO told a Goldman Sachs conference that Nvidia will pursue strategic deals to help other companies adopt AI more quickly”
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Nvidia is acquiring Groq's AI inference technology assets and talent for $20 billion in the chipmaker's largest deal ever, integrating low-latency processors into its AI factory architecture while Groq continues as an independent company.
“Declined to comment on the Groq transaction when asked by media.”