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Shares of Marvell Technology<\/a> surged 8% after Nvidia<\/a> announced plans to invest $2 billion<\/a> in the semiconductor company as businesses race to meet ballooning artificial intelligence<\/a> demand. <\/p>\n “Marvell is a marvelous investment,” Nvidia CEO Jensen Huang told CNBC’s “Squawk on the Street<\/a>” on Tuesday. “Been dying to say that.”<\/p>\n The deal ties Marvell into Nvidia’s AI ecosystem, making it easier for customers to build on the infrastructure. Both companies will also join forces on silicon photonics technology and AI-focused telecommunications infrastructure. <\/p>\n Nvidia has made a string of $2 billion bets on technology companies in recent months. <\/p>\n That includes investments in Synopsys<\/a>, CoreWeave<\/a>, Coherent<\/a> and Lumentum<\/a>. Most recently, Nvidia invested $2 billion<\/a> in Nebius Group<\/a>. The AI cloud company on Tuesday revealed plans to build<\/a> one of Europe’s largest datacenters. <\/p>\n Huang said each of the deals is “an expansion of our ecosystem.”<\/p>\n With Marvell, Huang said the partnership broadens access to semi-custom application-specific integrated circuits, or ASICs, often specialized for specific tasks. Hyperscalers are increasingly creating these chips to run AI workloads. <\/p>\n “We’re also smart investors,” Haung said. “We’ve expanded the [total addressable market] for both of us as a result of this partnership, and we want to be an investor in that.”<\/p>\n The leading chipmaker has been a major beneficiary of the AI craze that’s swept up Wall Street in recent years, due to its graphics processing units, or GPUs, which underpin large language models.<\/p>\n
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