Nvidia bets $2 billion on Marvell as rising AI adoption fuels competition
Mădălin Mihai
March 31 : Nvidia has invested $2 billion in Marvell Technology as part of efforts to make it easier for customers to use the custom artificial intelligence chips that the smaller company designs with Nvidia's networking gear and central processors. Shares of Marvell rose more than 9 per cent in premarket trading on Tuesday, while Nvidia shares were up 1.5 per cent. Through the deal, Nvidia aims to ensure it remains central to meeting the growing computing needs required by AI tools at a time
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