AMD Invests in Marvell Technology Amid Growing AI Infrastructure Demand
Advanced Micro Devices (NASDAQ: AMD) has taken a $6.5 million equity stake in Marvell Technology Group (NASDAQ: MRVL), signaling growing interest in the connectivity infrastructure critical for AI systems. The investment highlights increasing demand from hyperscalers like Microsoft and Amazon, who are expected to spend nearly 75% of a $1 trillion capex budget on data center expansion.
Topics: 13F filing AI semiconductors stock_investing