Jensen Huang · Nvidia · CNBC Technology
Marvell Technology, a semiconductor firm that designs chips for data centers
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The stock was last trading up 25% as of 6:05 am ET and is up over 158% in the year-to-date.
Key facts
- The stock was last trading up 25% as of 6:05 am ET and is up over 158% in the year-to-date
- Marvell Technology, a semiconductor firm that designs chips for data centers, soared after Huang touted the company's efforts in supplying the AI infrastructure build-out during an onstage appearance
- Nvidia recently committed to a $2 billion investment into Marvell
- Nvidia's CEO Jensen Huang hailed this chip designer as the next trillion-dollar firm, sending its shares up sharply in premarket trading Tuesday
Summary
Nvidia's CEO Jensen Huang hailed this chip designer as the next trillion-dollar firm, sending its shares up sharply in premarket trading Tuesday. Marvell Technology, a semiconductor firm that designs chips for data centers, soared after Huang touted the company's efforts in supplying the AI infrastructure build-out during an onstage appearance with Marvell CEO Matthew Murphy at Computex Week in Taipei on Monday. Marvell is set to be the "next trillion-dollar company," Huang said, adding that the company's networking and connectivity chips are essential to data centers where computing tasks are spread across thousands of connected chips that need to share data quickly. "When you take a computing problem, and you disaggregate it into a lot of parts, and you distribute it across the entire data center, what's necessary is connectivity," Huang said.