Apple Hits $5 Trillion as AI Stocks Slide on Anthropic Slowdown and Inflation
Apple’s first close above $5 trillion came as AI stocks sold off on Anthropic’s weaker sequential growth and a hotter-than-expected CPI.
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Marvell Lays Out Path to $70 Billion–$90 Billion in Revenue by Fiscal 2031
Marvell expects about $20 billion in FY28 revenue, with $18 billion from data centers, and a path to $70-$90 billion by FY31.
GF and Marvell Increase Chip Capacity for Next-Gen Data Center Optics
GlobalFoundries and Marvell expand a multi-year deal to add SiGe chip capacity in Vermont for faster, lower-power optical links in AI data centers.
Chip and AI Stocks Drop After CEOs Urge Caution on Development Pace
AI leaders including Amodei, Altman and Musk call to pace the frontier. Chip, memory and networking stocks fall as investors weigh spending and IPOs.
Marvell Beats Earnings but Stock Falls on Margin Guidance
Marvell posted record $2.74B revenue and beat EPS, yet shares fell after hours as Q3 gross-margin guidance slipped on custom-chip mix.
Google Gets $12.2 Billion Stake Option from Marvell to Build Next-Gen AI Chips
Marvell issues Google a $12.2 billion warrant for 59M shares in a multi-year partnership to develop custom AI chips for Google’s TPU ecosystem.