We are watching CoreWeave, Nvidia, and Nvidia competitor Groq. First up, CoreWeave will buy fellow cloud service provider Core Scientific in an all-stock deal valued at $9 billion.

Groq, which is valued at $2.8 billion, designs a chip that the company calls a language processing unit (LPU). It is designed for inferencing rather training.

As Nvidia briefly hit a $4 trillion market cap, AI chip rival Groq is reportedly seeking to raise up to $500 million at a $6 billion valuation to fulfill a $1.5 billion Saudi Arabia deal and scale ...

Nvidia challenger Groq expands with first European data center By Arjun Kharpal, CNBC • Published July 7, 2025 • Updated on July 7, 2025 at 4:00 am Log in or create a free profile to save articles ...