Nvidia is in preliminary discussions with South Korean AI chip designer Rebellions that could lead to a technology agreement, investment or full acquisition, although the talks may not result in a transaction. Nvidia CEO Jensen Huang met Rebellions co-founder and CEO Sunghyun Park this week at Nvidia’s headquarters in Santa Clara, California, Bloomberg reported, citing people familiar with the matter. Rebellions, a six-year-old fabless semiconductor company founded in 2020, develops neural processing units for inference, the stage in which trained AI models process new data and generate outputs. It has raised approximately $850 million from investors including SK Hynix, Samsung Ventures and Arm Holdings and was most recently valued at roughly $2.3 billion. Nvidia remains dominant in AI training chips, while inference is becoming a larger share of industry spending as companies deploy models in production. The discussions follow Nvidia’s late-2025 arrangement with Groq, under which Nvidia obtained a nonexclusive technology license and absorbed most of Groq’s engineering talent while Groq continued operating independently and retained its cloud business. Nvidia is scheduled to report quarterly earnings on August 26, with analysts expecting earnings per share of $2.07 on revenue of approximately $91.91 billion, compared with $1.04 and $46.74 billion a year earlier. The company held $50.33 billion in cash and equivalents as of April 26, 2026. Wall Street’s consensus rating is Buy, with an average price target of $327.04, while Nvidia shares edged up less than half a percent in Friday’s premarket trading.