Gavin Uberti

Money Moves

As of August 2026: Running Etched after its valuation hit $21 billion in August 2026

Nvidia still runs roughly four of every five AI chips sold today. In December 2025, Nvidia paid $20 billion to license rival Groq's chip design and hire its founding team. It then built its own inference-only rack from that technology, launched at Nvidia's GTC conference in March 2026.

Updated Aug 19