Marvell shares gain with Amazon chip talks in focus
Marvell Technology shares jumped Thursday, with investors eyeing Amazon’s potential move to grow its Trainium AI chip business. That could open up the market for custom silicon and Marvell’s high-speed networking gear. Shares ended the day up 7.27% at $310.58, Investing.com said. Bloomberg and TechCrunch both reported that AWS is talking with potential buyers to sell its Trainium chips for use in other companies’ data centers. Trainium is Amazon’s own AI chip, designed to power AI model training and inference.