Breaking down Nvidia’s unusual $20 billion deal with Groq
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Wells Fargo on NVIDIA (NVDA) and Groq: 'We think this is a very interesting strategic move'
December 29, 2025 5:49 AM ESTWells Fargo analyst Aaron Rakers reiterated an Overweight rating and $265.00 price target on NVIDIA (NASDAQ: NVDA).
The analyst comments "What's New? Despite various reports that NVDA was spending as much as $20B+ to acquire privately-held Groq, Groq cleared the confusion by officially announcing that it had entered into a non-exclusive licensing agreement with NVIDIA (see here). More notably,... More
