Groq Founder, Jonathan Ross: OpenAI & Anthropic Will Build Their Own Chips & Will NVIDIA Hit $10TRN

Jonathan Ross, founder of Groq, stated he has “no doubt” that OpenAI and Anthropic will eventually build their own custom chips to gain control over their destiny and improve performance. He also mentioned he would be “very surprised” if NVIDIA’s market capitalization did not reach $10 trillion within five years (from late 2025).

Key Insights

Custom Silicon: Ross, who led the team that built Google’s first Tensor Processing Unit (TPU), believes major AI players pursuing custom chips is a natural progression, primarily for strategic control rather than just the chip itself. OpenAI has already started down this path, collaborating with Broadcom to develop and deploy custom AI accelerators.
NVIDIA’s Valuation: As of January 16, 2026, NVIDIA’s market cap stands at approximately $4.52 trillion. Ross’s prediction implies more than a double in valuation over the next several years, a view that is rooted in the belief that the demand for compute in the AI era is “insatiable”.
Groq’s Role: Groq, known for its high-speed inference Language Processing Units (LPUs), was recently involved in a major licensing deal with NVIDIA. As part of this deal, Jonathan Ross and other key personnel are joining NVIDIA to integrate Groq’s technology, a strategic move by NVIDIA to absorb a potential rival and enhance its inference capabilities.

Financial Overview

NVIDIA (NVDA) has shown significant revenue growth in recent years, with annual revenue growing from $16.68 billion in fiscal year 2021 to $130.50 billion in fiscal year 2025. Its latest twelve months (TTM) revenue (ending October 31, 2025) was $187.14 billion.

NVIDIA (NVDA) has experienced extraordinary revenue growth, particularly from 2021 to 2025. The company’s annual revenue surged from $16.68 billion in fiscal year 2021 to $130.50 billion in fiscal year 2025, reflecting a 683% increase over five years. This growth was driven by strong demand in the data center segment, which accounted for $115 billion in revenue in 2025.

The momentum continued into 2025, with trailing twelve months (TTM) revenue reaching $187.14 billion as of October 31, 2025 — a 65.22% year-over-year increase. Quarterly revenue for the quarter ending October 31, 2025, was $57.01 billion, up 62.49% year-over-year.

This rapid expansion follows a pattern of exponential growth:

2024: $60.92 billion (+125.85% YoY)
2023: $26.97 billion (+0.22% YoY)
2022: $26.91 billion (+61.4% YoY)

NVIDIA’s profitability has also improved significantly, with gross margins reaching 75% and net margins expanding to 56% in 2025, indicating strong operational efficiency. The company’s dominance in AI-driven data center solutions continues to be a key growth engine, though its heavy reliance on this segment warrants close monitoring.

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