Groq Pursues $650M Raise After $20B Nvidia Licensing Deal

Groq is targeting up to $650 million from existing investors on May 28 2026 to fund Groq 2.0 and pivot toward AI inferencing. The round follows a December 2025 licensing agreement with Nvidia valued at $17-20 billion that has already delivered cash payouts to shareholders, with a final distribution expected shortly. Backers Disruptive and Infinitum have committed to backstop the raise, while Nvidia prepares a China-specific version of Groq chips. The development validates Nvidia's licensing strategy and supports positive sentiment around NVDA, last quoted at $212.69 with a $5.15 trillion market cap.