September 7, 2026
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Exclusive | AI Chip Startup Etched Is in Talks for $20 Billion Valuation

Etched, a startup developing AI chips in competition with Nvidia NVDA , is set to quadruple its valuation to about $20 billion in a new funding round led by an existing investor, the firm Jane Street, according to people familiar with the matter.

Benefiting from a frenzied market for venture-capital investments in artificial-intelligence startups, the San Jose, Calif.-based company is also raising capital at a $10 billion valuation in a separate round led by Sequoia Capital, the people said. The financings haven’t closed, and the terms of the deals could still change.

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Author

  • Peter Lynch

    Lynch co-authored several bestselling investment classics, including One Up on Wall Street, Beating the Street, and Learn to Earn. Known for his accessible and common-sense approach to the stock market, he coined the famous investment mantra, "Invest in what you know." This philosophy empowers everyday individual investors to find market-beating opportunities by observing consumer trends and products in their own daily lives before Wall Street notices them.Beyond his writing and investing career, Lynch is a prominent philanthropist. He works actively through the Lynch Foundation to support education, medical research, and cultural organizations. He continues to serve as a vice chairman of Fidelity Management & Research Company, mentoring new generations of financial analysts.
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Peter Lynch

https://investmentdepartment.com

Lynch co-authored several bestselling investment classics, including One Up on Wall Street, Beating the Street, and Learn to Earn. Known for his accessible and common-sense approach to the stock market, he coined the famous investment mantra, "Invest in what you know." This philosophy empowers everyday individual investors to find market-beating opportunities by observing consumer trends and products in their own daily lives before Wall Street notices them.Beyond his writing and investing career, Lynch is a prominent philanthropist. He works actively through the Lynch Foundation to support education, medical research, and cultural organizations. He continues to serve as a vice chairman of Fidelity Management & Research Company, mentoring new generations of financial analysts.

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