Nvidia Just Got Another Tailwind -- Why Groq's $6.9 Billion Valuation Proves AI Chips Are Still Hot

The stock market is buzzing over chip start-up Groq's latest fundraising round. The privately held company announced that it raised $750 million, which more than doubled its valuation to $6.9 billion. Groq's chips have some specific differences from those made by the biggest chipmaker, Nvidia (NASDAQ: NVDA). Its chips are made solely for inference, as opposed to Nvidia chips that are designed for training and inference. Groq's language processing units (LPUs) are stripped down compared to Nvidia's graphics processing units (GPUs), and can run AI models to translate text, answer questions, or run bots fast and with lower energy use. That's appealing, considering Nvidia's GPUs cost tens of thousands of dollars apiece.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool