Marvell Technology to acquire Celestial AI for $3.25B

Core Viewpoint - Marvell Technology Inc. shares experienced a significant increase in late trading following the company's reassurances regarding the growth of its custom chip business and the announcement of a multibillion-dollar acquisition [1] Group 1: Company Performance - The semiconductor company highlighted strong momentum in its custom chip business, which contributed to investor confidence [1] - The announcement of a multibillion-dollar acquisition is expected to further enhance the company's market position and growth prospects [1] Group 2: Market Reaction - Following the positive news, Marvell Technology Inc. shares rallied sharply, indicating strong investor interest and confidence in the company's future [1]