Nvidia’s “Acquisition” of Groq: A $20B Bet on Inference
In December 2025, Nvidia committed about $20 billion to license Groq’s AI inference technology and hire its top executives. This is effectively the largest deal in Nvidia’s history. Instead of buying the whole company, Nvidia is acquiring Groq’s physical assets and intellectual property, while Groq keeps running its own independent cloud business. Nvidia structured the deal as…