Groq Raises $650M After $20B Nvidia Pact While Burry Shorts Nvidia
NVDA•Groq, which licensed its AI chip technology to Nvidia under a $20 billion not-acquisition agreement, is raising $650 million to expand inference neocloud platform. Investor Michael Burry has bought put options on 1 million Nvidia shares, citing tokenmaxxing overconsumption and noting that 64% of Nvidia’s receivables stem from three clients.
1. Nvidia’s $20B Non-Acquisition Pact with Groq
In December, Nvidia paid $20 billion in cash to license Groq’s proprietary AI chip technology under a non-acquisition arrangement, resulting in several senior Groq executives joining Nvidia’s team.
2. $650M Funding to Fuel Groq’s Inference Neocloud
Groq is raising $650 million from existing investors—backstop commitments from Disruptive and Infinitium will cover any shortfall—to scale its inference neocloud service hosting AI workloads for developers and enterprises.
3. Michael Burry’s Put Options Signal Bearish Outlook
Investor Michael Burry purchased put options on 1 million Nvidia shares, criticizing excessive AI token usage and warning that 64% of Nvidia’s accounts receivable are concentrated in just three clients, heightening revenue risk.
