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Marvell Technology (NasdaqGS:MRVL) Gets Nvidia Backing And A $2 Billion Investment
Simply Wall St.64d agoneutral
Marvell Technology (NasdaqGS:MRVL) Gets Nvidia Backing And A $2 Billion Investment

Nvidia CEO Jensen Huang recently highlighted Marvell Technology (NasdaqGS:MRVL) as a potential next trillion-dollar company. Nvidia has expanded its partnership with Marvell around optical interconnects and custom AI hardware for data centers. Nvidia has also made a significant investment in Marvell, signaling increased interest in the company’s AI infrastructure role. Marvell Technology sits at the heart of AI infrastructure, focusing on custom silicon and high speed optical networking...

Bloomberg64d agobearish
SpaceX Heads Toward Fourth Day of Gains Since Record IPO

(Bloomberg) -- SpaceX shares are poised for a fourth straight day of gains, reinforcing the company’s place among the world’s largest after it surpassed Amazon.com Inc. by market value.Most Read from BloombergRead the 14-Point Draft Memorandum Between the US and IranIran’s Deputy Foreign Minister Confirms Deal Reached With USModi Warns of ‘Shortage of Trust’ Ahead of Trump MeetingNetanyahu Pays a Political Price for Trump’s Iran DealUS Set to Offer Iran Broad Financial Gains in Peace DealShares

Coherent (COHR) Is Up 7.5% After CHIPS-Backed Texas AI Photonics Expansion - Has The Bull Case Changed?
Simply Wall St.64d agoneutral
Coherent (COHR) Is Up 7.5% After CHIPS-Backed Texas AI Photonics Expansion - Has The Bull Case Changed?

Coherent Corp. recently signed a letter of intent to receive up to US$50 million under the CHIPS and Science Act to expand its 6‑inch indium phosphide semiconductor facility in Sherman, Texas, doubling manufacturing space, quadrupling wafer capacity, and supporting AI datacenter optical networking while creating more than 1,000 jobs. This expansion deepens Coherent’s long-running collaboration with NVIDIA and reinforces Sherman’s role as a key U.S. hub for advanced photonics and AI...

Coherent (COHR) Wins Up To $50 Million For Texas AI Chip Expansion
Simply Wall St.64d agobullish
Coherent (COHR) Wins Up To $50 Million For Texas AI Chip Expansion

Coherent (NYSE:COHR) announced a letter of intent to receive up to US$50 million in CHIPS and Science Act funding. The funding will support expansion of its Indium Phosphide semiconductor facility in Sherman, Texas. The project is expected to double production space, increase wafer capacity by 4x, and create more than 1,000 jobs. Coherent also highlighted a deeper partnership with NVIDIA focused on AI datacenter infrastructure. For investors tracking Coherent, this CHIPS Act award and...