Nvidia has also made $2 billion investments in CoreWeave, Nebius and Coherent in recent months.
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Shares of Marvell Technology
surged 9% after Nvidia
announced plans to invest $2 billion in the semiconductor company as businesses race to meet ballooning artificial intelligence demand.
Nvidia rose 1.5%
Marvell saw a $2 billion investment from Nvidia in March, as AI demand continues to surge.
Marvell shares surged on Friday after the company beat earnings expectations and issued strong guidance on continuing AI demand.
Nvidia's deal with Marvell Technology is yet another reason to stick with the AI giant's sluggish stock.
Marvell stock sunk after the artificial intelligence chipmaker gave weak guidance for the fiscal third quarter.
Nvidia purchased CoreWeave Class A common stock at $87.20 per share.
The deal is an aggressive move for Marvell to acquire complimentary technology to its semiconductor networking business.
