Shares of Marvell Technology have jumped over 11% after Nvidia announced plans to invest $2 billion in the semiconductor company.
The deal will connect Marvell to its AI factory and radio access network ecosystems.
“The inference inflection has arrived. Token generation demand is surging, and the world is racing to build AI factories,” said Jensen Huang, founder and CEO of NVIDIA, in a press release. “Together with Marvell, we are enabling customers to leverage NVIDIA’s AI infrastructure ecosystem and scale to build specialized AI compute.”
“Our expanded partnership with NVIDIA reflects the growing importance of high-speed connectivity, optical interconnect and accelerated infrastructure in scaling AI,” said Matt Murphy, chairman and CEO of Marvell. “By connecting Marvell’s leadership in high-performance analog, optical DSP, silicon photonics and custom silicon to NVIDIA’s expanding AI ecosystem through NVLink Fusion, we are enabling customers to build scalable, efficient AI infrastructure.”
The deal is the latest in Nvidia’s series of $2 billion investments in technology companies over recent months, including investments in Synopsys, CoreWeave, Coherent, Lumentum, and Nebius Group.
By CEO NA Editorial Staff
