It’s specifically exempted in the rules as long as the ball is spiked immediately following the snap, without any delay or opportunity to pass the ball.
Rule 8, Section 2
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Item 3
Stopping Clock.Β A player under center is permitted to stop the game clock legally to save time if, immediately upon receiving the snap, he begins a continuous throwing motion and throws the ball directly into the ground.
Item 4
Delayed Spike.Β A passer, after delaying his passing action for strategic purposes, is prohibited from throwing the ball to the ground in front of him, even though he is under no pressure from defensive rusher(s).
https://operations.nfl.com/the-rules/nfl-video-rulebook/intentional-grounding/
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