Nvidia hands Marvell $2bn as AI chip wars demand new alliances

Nvidia has invested $2 billion in Marvell Technology, and Marvell will join the Nvidia AI ecosystem, the companies said on Tuesday.

Shares of Marvell rose nearly 12%, while Nvidia shares were up 1.5% in premarket trading.

The tie-up makes it easier for Marvell to design custom artificial intelligence with its own networking gear and processors, the companies said.

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