Nvidia Rival Groq Reportedly Eyes $6 Billion Valuation, Cisco And Samsung-Backed Company Looks To Double Valuation Amid Surging AI Chip Demand

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Nvidia Rival Groq Reportedly Eyes $6 Billion Valuation, Cisco And Samsung-Backed Company Looks To Double Valuation Amid Surging AI Chip Demand

benzinga.com/markets/tech/25/07/46335488/nvidia-rival-groq-reportedly-eyes-6-billion-valuation-cisco-and-samsung-backed-company-looks-to-doub

On Wednesday, Nvidia Corporation (NASDAQ:NVDA) briefly hit $4 trillion market cap. Meanwhile, its rival Silicon Valley startup Groq is reportedly aiming to raise fresh capital at a $6 billion valuation to fulfill a major Saudi contract.
What Happened: Groq has spoken to investors about…

This story appeared on benzinga.com, 2025-07-10 05:07:28.