Jonathan Rae Nurfoto | getty images
shares of Marvel Technology increased by more than 11% after NVIDIA Announced plans to invest $2 billion in semiconductor company.
As part of the deal, Marvell will join Nvidia’s AI ecosystem, making it easier for customers to build infrastructure. The two companies will also collaborate on silicon photonics technology and telecommunications networking.
“The paradigm shift has arrived. Demand for token generation is surging, and the world is racing to build AI factories,” Nvidia CEO Jensen Huang said in a release.
Tune in at 9 a.m. ET as Nvidia CEO Jensen Huang will join CNBC’s “Squawk on the Street” to talk about the deal. Watch in real time on CNBC+ or the CNBC Pro stream.
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