Marvell Stock Gains as Custom AI Chips Boost Performance

Key TakeawaysMarvell Technology shares rose Monday after the company said its accelerator chips are now better able to increase the performance of artificial intelligence (AI) servers.Marvell said its co-packaged optics technology increases chip density from tens of chips to hundreds.The announcement comes after Marvell posted a current-quarter forecast that significantly exceeded Wall Street expectations. Marvell Technology (MRVL) shares climbed Monday after the company said its artificial intelligence (AI ...