Browsing: Marvell Technology

Marvell Technology’s stock surged to an all-time high, exceeding a $100 billion market capitalization due to impressive earnings and an expanded collaboration with Amazon for cloud software and hardware.

Despite a recent stumble, leading AI chip stocks like Nvidia and Marvell Technology are well-positioned to benefit from the long-term growth in data center infrastructure driven by the increasing demand for artificial intelligence.

Broadcom’s CEO Hock Tan reassured investors with a positive second-quarter forecast, driven by strong demand for custom AI chips and the potential for new customers.