Dan Ives

New Capabilities

Bullish on Nvidia post-Groq deal

On Christmas Eve 2025, Nvidia paid $20 billion for Groq's assets—nearly triple the AI chip startup's $6.9 billion valuation from three months earlier. The deal brings Groq's founder Jonathan Ross, who created Google's original Tensor Processing Unit, and his breakthrough inference technology into Nvidia's fold. It's Nvidia's largest acquisition ever, nearly three times bigger than its $7 billion Mellanox purchase.

Updated 1 hour ago

New Capabilities

Publicly arguing the software sell-off is overdone

An estimated 220 billion lines of COBOL code still run in production every day, processing 95% of ATM transactions and roughly $3 trillion in daily commerce. For decades, understanding and modernizing that code has required large teams of specialized consultants working for months or years. On February 23, Anthropic published a playbook showing how its Claude Code tool can automate the most labor-intensive phases of that work—mapping dependencies, documenting workflows, and identifying risks across thousands of files—and IBM shares immediately fell 13.2%, their worst single-day drop in more than 25 years.

Updated Feb 23