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Blackrock Bets $640 Million on Nvidia Killer

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Mon, Aug 5, 2024 04:15 PM

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This startup plans to destroy Nvidia. That’s why Blackrock, Cisco and Samsung are investing rig

This startup plans to destroy Nvidia. That’s why Blackrock, Cisco and Samsung are investing right now. Blackrock, Cisco and Samsung just invested… $640 million in a new AI chip startup. Yet nobody has even heard of this company. [Go here to discover my #1 trade for 2024.]( A Silicon Valley company is building AI chips to compete with Nvidia (NASDAQ: NVDA). [Groq (private)]( is making chips to run large language models similar to ChatGPT. This includes those from Meta Platfoms (NASDAQ: META) Groq claims that it’s chips can run models at 10x the speed and 10% of the energy as OpenAI’s ChatGPT. AI requires large amounts of energy. And there will soon be a huge shortage. That’s why tech insiders are investing billions in the [secret Oppenheimer Project.]( [Go here urgent details – and my top 5 stocks to buy now.]( Today, Nvidia controls 75% - 90% of the AI chip market. Competitors include ARM, Intel and Advanced Micro Devices. Startups including Groq see that Nvidia is growing rapidly and is incredibly profitable. And that’s encouraging them to compete with new AI chip alternatives. This financing means that [Groq has raised a total of $1 billion]( from investors. The deal gives the private company a $2 billion valuation. The investors are significant and include: - Blackrock – the world’s largest asset manager - Cisco – the #1 networking company - Samsung – the partner who manufacturers Groq chips Nvidia may dominate the AI chip market. However, other chip makers and new startups realize the huge opportunity. And they plan to compete and steal market share from Nvidia. The AI revolution is very real. It will require huge investments in datacenters and AI chips from Nvidia and others. It also requires huge amounts of energy that are unavailable. Yet this [little-known Oppenheimer Project]( could solve everything. [Go here asap – before it’s too late.]( Ian [Take a 7 day break from these emails]( © Wyatt Investment Research. All rights reserved. Wyatt Investment Research is not a broker dealer of financial advisor. This content is for informational purposes. Nothing in this email should be considered investment advice. Every investment has risk and you could lose your investment. You can review terms of use and disclosures by [clicking here.]( You are subscribed with the following email address: {EMAIL} [Unsubscribe from these types of emails]( [Manage your email preferences]( We love hearing from subscribers. Please reply to this email with any feedback or suggestions. Contact abuse@wyattresearchnewsletters.com to report any issues or concerns. For questions regarding your account please call [866-447-8625](tel:+1(866)447-8625). Wyatt Investment Research LLC 65 Railroad Street, PO Box 790 Richmond, Vermont USA 05477 ---------------------------------------------------------------

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