Last week, it was reported that Nvidia Corporation ( NVDA ) will acquire AI chip start-up Groq for $20B that will see the GPU maker gain access to the firm's critical Language Processing Unit/LPUAnalyst’s Disclosure:I/we have a beneficial long position in the shares of NVDA, AMD, GOOG either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relations ...

Core Insights - Nvidia Corporation (NVDA) is set to acquire AI chip start-up Groq for $20 billion, which will enhance Nvidia's capabilities in Language Processing Units (LPU) [1] Company Summary - The acquisition of Groq will provide Nvidia access to critical technology that could strengthen its position in the AI chip market [1]