Stifel keeps a Buy rating on Nvidia (NVDA) with a $250 price target after Groq announced that it has entered into a non-exclusive licensing agreement with Nvidia for its inference technology. While Nvidia did not publicly comment, various reports have cited a $20B strategic transaction value for the licensing agreement and talent acquisition, the analyst tells investors in a research note. Stifel believes Groq’s second generation language processing unit will be based on a Samsung 4nm process, which could ramp in conjunction with Nvidia’s Vera Rubin rack systems. Integrating the system with Rubin CPX could further stretch Nvidia’s artificial intelligence infrastructure leadership as inference workloads continue to evolve, contends the firm.
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