S&P 5007,785.76▼0.2% Nasdaq26,729.16▼0.3% Dow53,732.41▼0.2% Russell 2K3,068.42▲0.5% 10-Yr4.70%+6bp VIX14.25−0.38 WTI$82.40▲1.4% Gold$4,432.00▲1.6% EUR/USD1.157▲0.4% BTC$78,921▲1.5% Nikkei68,309▲1.2%
At close · Fri, Aug 14, 2026
Daily Market Updates.

US Markets

HomeUS MarketsM&A & DealsNvidia targets this year for Groq racks after $20 bill…

Nvidia targets this year for Groq racks after $20 billion purchase

The deal is positioned around providing customers low-latency AI inference via Groq hardware.

CNBC Markets says Nvidia expects its Groq racks to be online this year, following the company’s $20 billion purchase of Groq.

The outlet frames the move as part of Nvidia’s effort to manufacture Groq chips and get them into customer environments.

CNBC World adds that the push highlights the increasing importance of low-latency inference in AI systems.

More like this

Sources

Get the close, explained.

One email every trading day: what moved, why it moved, and what's on deck tomorrow. Read in 3 minutes.

Free. Unsubscribe anytime.