NVDA - BERNSTEIN ON NVIDIA’S GROQ DEAL Bernstein analyst Stacy A. Rasgon reiterated an Outperform rating and $275 price target on NVIDIA. NVIDIA reportedly agreed to a $20B deal with AI chip startup Groq, which was later described as a non-exclusive licensing agreement for Groq’s inference technology. Key Groq executives will join NVIDIA, while Groq remains independent under new CEO Simon Edwards and continues its cloud operations. Bernstein sees the move as strategic, strengthening NVIDIA’s position in AI inference—a more competitive area than training—and reinforcing its market leadership as inference demand scales.(*Walter Bloomberg)