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Thank you for calling this out. I have edited and added a footnote there. Their valuation wasn't 500mil it was their revenue projection. The 6.9bn valuation is

Thank you for calling this out. I have edited and added a footnote there. Their valuation wasn't 500mil it was their revenue projection. The 6.9bn valuation is accurate though https://www.prnewswire.com/news-releases/groq-raises-750-million-as-inference-demand-surges-302558961.html https://www.prnewswire.com/news-releases/groq-raises-750-mil... https://www.reuters.com/business/groq-more-than-doubles-valuation-69-billion-investors-bet-ai-chips-2025-09-17/ https://www.reuters.com/business/groq-more-than-doubles-valu...

lostlogin 10mo ago
It’s good that you have done that but does that section make sense? It says there was a 75% revenue cut, but the prior number is valuation, not revenue. Or was valuation and revenue the same at that time (seems unlikely)? Edit: some searching about suggests that Groq initially projected $2 billion in revenue for 2025, later cutting that forecast to $500 million. That appears to have be what this article is trying to say. https://www.investing.com/news/company-news/groq-slashes-2025-revenue-projections-to-500-million--the-information-93CH-4158309 https://www.investing.com/news/company-news/groq-slashes-202...