JUST IN: Nvidia $NVDA just made the largest acquisition in its history Nvidia has agreed to acquire Groq "a designer of high-performance artificial intelligence [AI] accelerator chips" for $20 Billion in cash - CNBC

IMPORTANT NOTE Groq put out this statement saying "Groq announced that it has entered into a non-exclusive licensing agreement with Nvidia for Groq’s inference technology." "As part of this agreement, Jonathan Ross, Groq’s Founder, Sunny Madra, Groq’s President, and other members of the Groq team will join Nvidia to help advance and scale the licensed technology" "Groq will continue to operate as an independent company with Simon Edwards stepping into the role of Chief Executive Officer."