Bernstein analyst Stacy A. Rasgon remains optimistic about NVIDIA, maintaining an Outperform rating and a target price of $275. Notably, NVIDIA has reached a deal worth approximately $20 billion with AI chip startup Groq. The transaction was ultimately confirmed as a non-exclusive licensing agreement, indicating that a collaborative framework on chip technology has already been established between the two parties. This move reflects NVIDIA's efforts to consolidate its position in the AI chip market while also providing technical support opportunities for emerging AI hardware players. Industry observers are still evaluating the long-term impact of such strategic collaborations.