Nvidia (NVDA) announced a $20 billion acquisition of Groq, an AI startup known for high-bandwidth, low-latency architectures, boosting Nvidia stock by 120% from its April low. Mizuho analyst Vijay Rakesh believes the deal will benefit NVDA in the long run, with potential for a 32% upside. The $20 billion price tag is small compared to Nvidia’s market cap, minimizing risk. Consensus rating on NVDA remains a “Strong Buy” with a mean target of $256, indicating over 35% potential upside. The deal is expected to strengthen Nvidia’s position in AI inference, distancing itself from rivals like AMD and Intel.

Read more at Barchart: Wall Street’s Not Sure What to Think About Nvidia’s Deal for Groq, But Mizuho Says You Should Keep Buying NVDA Stock