Nvidia invests $2 billion in Marvell, launches AI partnership
Nvidia has invested $2 billion in Marvell Technology as part of efforts to make it easier for customers to use the custom artificial intelligence chips that the smaller company designs with Nvidia’s networking gear and central processors.
Shares of Marvell rose about 7% on Tuesday, while Nvidia shares were up 2.7%.
Through the deal, Nvidia aims to ensure it remains central to meeting the growing computing needs required by AI tools at a time when some companies are opting for custom processors instead of its pricey processors.
