shares of marvel technology After that, it jumped 8%. Nvidia announced plans to invest $2 billion in the company as companies race to meet growing demand for artificial intelligence.
“Marvel is a great investment,” Nvidia CEO Jensen Huang said Tuesday on CNBC’s “Squawk on the Street.” “That’s what I wanted to say.”
The deal ties Marvell into Nvidia’s AI ecosystem, making it easier for customers to build on its infrastructure. The two companies will also collaborate on communications infrastructure centered on silicon photonics technology and AI.
Nvidia has been making $2 billion bets on technology companies in recent months.
This includes investing in synopsis, core weave, reasonable and lumen. Most recently, NVIDIA invested $2 billion. nevius group. The AI cloud company unveiled plans on Tuesday to build one of Europe’s largest data centers.
Hwang said each deal is an “expansion of our ecosystem.”
Huang said the partnership with Marvell will expand access to semi-custom application-specific integrated circuits (ASICs), which are often specialized for specific tasks. Hyperscalers are increasingly creating these chips to run AI workloads.
“We’re also smart investors,” Haun said. “As a result of this partnership, we have expanded[the total addressable market]for both parties, so we want to invest there.”
The leading chipmaker has been a big beneficiary of the AI boom that has swept Wall Street in recent years, thanks to its graphics processing units (GPUs) that underpin large-scale language models.
Marvel is also a big winner in this race. Shares soared this month after the company issued strong guidance, calling for faster revenue growth into 2027 as demand for AI soars.
CEO Matt Murphy told CNBC that demand remains strong despite geopolitical tensions in the Middle East and customers intend to continue adopting the company’s tools.
“This will help accelerate our growth and opportunity and give us an infusion of capital that will allow us to really do that,” he said. “We’ve been doing well on our own, but this is a way for Marvel to really really take off.”
