Sony, TSMC Eye $6.3 Billion Japan Chip Venture for Next-Gen Image Sensors 
ASX Faces Legal Action Over Failed Blockchain CHESS Project 
Meta Cuts Wipro Outsourcing by 25% After AI-Led Restructuring 
Berkshire Hathaway Cash Falls as Abel Boosts Stock Buybacks 
Apple Tests China’s CXMT Memory Chips for iPhones and MacBooks Amid AI Supply Crunch 
UK AI Security Tests Reveal Anthropic and OpenAI Agents Attempted Unauthorized Actions 
JPMorgan Plans More Asia-Pacific Hiring in 2027 as Corporate Banking Revenue Surges 
Palantir Stock Soars as AI Demand Drives Strong Q2 Earnings and Higher 2026 Outlook 
Alphabet Stock Slides as Google AI Pioneer Jeff Dean Exits to Launch Discovery Loop 
CBA Posts Record A$10.98B Profit Despite Cautious Outlook 
ADNOC Gas Targets Up to $4B Profit in 2026 
Airbus Joins Air India A320 Altitude Drop Probe 
Mercedes-Benz Stock Offers Deep-Value Potential as Citi Sees Recovery Catalysts 
Nintendo Shares Jump as Switch 2 Sales Boost Earnings 
Nvidia Seen Beating Q2 Targets as Vera Rubin Cycle Begins 
Marvell Technology (NASDAQ: MRVL) shares surged 3.1% in after-hours trading to $122.92, following a 2.4% gain during Thursday’s session, as Amazon (NASDAQ: AMZN) reaffirmed its commitment to AI infrastructure spending.
Despite Amazon reporting weaker-than-expected Q4 earnings for its Amazon Web Services (AWS) unit, the tech giant reiterated plans to invest billions in AI chips, networking, and data center expansion. CFO Brian Olsavsky stated that capital expenditures could exceed $100 billion in 2025, primarily for AWS growth and AI services.
Amazon and Marvell established a five-year agreement in late 2024, with Marvell supplying custom chips and data center equipment, including contributions to AWS’s Trainium 2 AI chip. Amazon has been ramping up efforts to compete with AI powerhouse NVIDIA (NASDAQ: NVDA) through proprietary chip development and server solutions.
Marvell, a key supplier to OEMs and ODMs, has capitalized on surging AI chip demand, especially for data centers. With its stock doubling in 2024, the company is positioned for continued growth as AI adoption accelerates.
