StocksMedium•5 October 2026•
1 min read
Nvidia Faces Lawsuit Over $20 Billion Groq Acquisition
Key Facts
1Former Groq engineers filed a lawsuit alleging stockholders were shortchanged in Nvidia's $20 billion acquisition of the startup.
2The lawsuit claims Groq's board approved the deal without a required stockholder vote, allegedly costing shareholders billions of dollars.
Former Groq engineers filed a lawsuit alleging stockholders were shortchanged in Nvidia's $20 billion acquisition of the startup. CNBC reported that the lawsuit claims Groq's board approved the deal without a required stockholder vote, allegedly costing shareholders billions of dollars.
NVDA closed at $233.95 on October 2, 2026, as legal challenges to the major acquisition create potential regulatory uncertainty. On the same date, peer AMD closed at $633.91, while INTC finished at $119.33 and TSM closed at $472.78.