Nvidia-Groq deal is structured to keep 'fiction of competition alive,' analyst says

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It’s been two days since news broke that Nvidia

was spending $20 billion to acquire top talent from Groq in what the chip startup called a “non-exclusive licensing agreement.”

Nvidia, the world’s most valuable company, hasn’t issued a press release or regulatory filing and, according to a spokesperson, is only confirming the contents of Groq’s 90-word blog post published after the close of holiday-shortened trading on Wednesday.

“They’re so big now that they can do a $20 billion deal on Christmas Eve with no press release and nobody bats an eye,” said Stacy Rasgon, an analyst at Bernstein, in a Friday interview with CNBC’s “Squawk on the Street.”