SambaNova hits $11 billion valuation as investors back Nvidia chip challengers

Source: www.cnbc.com · Section: business-tech · Bias: Center-Right · Published: Wed, 08 Jul 2026 09:03:53 GMT

SambaNova is valued at $11 billion after fresh financing led by General Atlantic, as AI chip startups look to challenge Nvidia.

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The same story across the political spectrum (5 sources)

Center: AI chip maker SambaNova raises $1B at $11B valuation, 5 months after last mega round — techcrunch.com
Center: DeekSeek reportedly developing own AI chip to reduce reliance on Nvidia , Huawei — proactiveinvestors.com
Center: Nvidia’s stock trades at a juicy discount, according to BofA — www.marketwatch.com
Center: Facing US export controls, China's DeepSeek plans to make its own chips — www.arstechnica.com

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