Nvidia's Groq deal underscores how the AI chip giant uses its massive balance sheet to 'maintain dominance'

Nvidia’s (NVDA) licensing deal with chip startup Groq (GROQ.PVT) shows how the tech giant is leveraging its massive cash pile to sustain its preeminence in the AI market. 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.) Bernstei ...