Bank of America’s Vivek Arya summed up the 2026 setup in a single line: Nvidia is acting like it believes that and more. The chipmaker didn't want to wait for the next phase of the AI buildout to start, so it made a $20 billion deal with inference chip firm Groq. The agreement appears like an acquisition in terms of its economic impact, but it's not one on paper. Nvidia’s Groq agreement looks less like a partnership and more like a strategic capture.Photo by Woohae Cho on Getty Images Nvidia gives Groq ...