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 Technology shares fell after reports of Microsoft exploring Broadcom for custom chips and a downgrade citing likely loss of Amazon’s future Trainium designs.
IBM announces $11 billion acquisition of Confluent to create a comprehensive data streaming platform for enterprise AI and real-time applications.
MSFT stock slid over 2% after a report claimed sales teams missed growth goals for Azure Foundry, an AI platform. Microsoft refuted the claim, denying lowered quotas.
Amid concerns about AI data center spending, credit default swap prices for Oracle debt have spiked dramatically. Now, worries are spreading to Microsoft and Amazon as markets reassess hyperscaler risks.
The U.S. greenlights the sale of up to 70,000 advanced AI chips to UAE and Saudi companies, reversing earlier restrictions and reshaping global AI competition.
