Marvell Technology Inc. (NASDAQ:MRVL) stock is surging on Wednesday. The latest upward price action follows a high-profile endorsement from leadership at Nvidia Corp (NASDAQ:NVDA) and constructive commentary from a prominent market analyst.
Gary Black Highlights Custom AI Winners
Investor Gary Black noted that custom chipmakers are emerging as major beneficiaries of the shifting demand in specialized AI infrastructure.
On Tuesday, Black stated that Broadcom Inc. (NASDAQ:AVGO) and Marvell “seem to be the big winners in Wall Street’s new appreciation for custom AI chips.” He highlighted expanding investor enthusiasm surrounding application-specific integrated circuits (ASICs) utilized for scaling large AI workloads.
Jensen Huang Touts ‘Next Trillion-Dollar Company’
