Jensen Huang did not need a lengthy presentation to move markets on Tuesday. The Nvidia CEO simply called Marvell Technology the next trillion-dollar company at Computex week in Taipei. That was enough. Marvell shares surged 23% in premarket trading. If those gains held, the move would add more than $44.6 billion to Marvell’s market capitalization…
AI chips
AMD stock jumps for 12 days straight as AI demand grows
Advanced Micro Devices is enjoying one of its strongest runs in decades, with its stock climbing for 12 consecutive sessions. The streak marks the company’s longest winning stretch in more than 20 years, signaling renewed investor confidence in its long-term growth story. The rally has been driven by a mix of industry momentum, favorable market…
Meta strikes massive AMD deal to dominate global AI landscape
Meta is accelerating its push in the global AI race with a new multiyear agreement that places a fresh spotlight on its expanding data center ambitions. Just days after announcing its plan to deploy millions of processors from Nvidia, the company has now confirmed a major partnership with Advanced Micro Devices that further broadens its…