OpenAI and Amazon in Talks for $10 Billion AI Chip Deal
OpenAI is negotiating a $10 billion investment from Amazon to adopt Trainium chips, potentially valuing the AI company above $500 billion in a deal reshaping the AI hardware landscape.
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Oracle Shares Plunge as AI Data Center Spending Outpaces Cloud Revenue Growth
Oracle stock drops 11% after missing revenue targets despite massive AI investments. Cloud sales lag expectations while capital spending jumps to $50B, raising investor concerns about AI profitability timeline.
Marvell CEO Denies Losing Amazon and Microsoft Deals, Says Data Center Business Is 'Rock Solid'
Marvell Technology CEO Matt Murphy denies reports of losing business with Amazon and Microsoft, stressing the company's "rock solid" data center relationships and calling the stock drop a buying opportunity.
Marvell Stock Drops as Microsoft–Broadcom Talks and Amazon Chip Loss Raise Concerns
Marvell Technology shares fell after reports of Microsoft exploring Broadcom for custom chips and a downgrade citing likely loss of Amazon’s future Trainium designs.
POET Technologies Surges as Marvell–Celestial AI Deal Highlights Its Role in the AI Boom
POET Technologies jumps as Marvell’s acquisition of Celestial AI boosts confidence in photonics demand and validates POET’s technology and sales outlook.
Marvell Reports Strong Q3 Results, Beats Guidance with 37% Revenue Growth
Marvell expects semi-custom chip revenue to rise 20% next year, driven by a new next-gen chip for a "major customer."