15 AI News Investors Shouldn’t Miss

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4. Marvell Technology, Inc. (NASDAQ:MRVL)

Number of Hedge Fund Holders: 70

Marvell Technology, Inc. (NASDAQ:MRVL) engages in the development and production of semiconductors for data centers. On December 2nd, Marvell Technology, Inc. (NASDAQ: MRVL) announced that it is expanding its strategic relationship with Amazon Web Services (AWS) through a five-year, multi-generational agreement. The agreement includes collaboration across multiple AWS products, use of AWS cloud infrastructure, and covers a broad range of data center semiconductors from Marvell. This includes the supply of custom AI products, optical digital signal processors (DSPs), active electrical cable (AEC) DSPs, PCIe retimers, data center interconnect (DCI) optical modules, and Ethernet switching silicon solutions. Through the partnership, AWS will expand its supplier relationship with Marvell for AI and data center connectivity products, while Marvell will leverage electronic design automation (EDA) in the cloud to deliver its silicon solutions.

“Strengthening our partnership with AWS marks a significant milestone for Marvell, deepening our long-standing relationship in cloud computing and data center semiconductors. EDA solutions will help Marvell rapidly and securely scale our silicon design process and capabilities to deliver industry-leading accelerated infrastructure with best-in-class time to market”.

-Matt Murphy, Chairman and CEO at Marvell

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