US Stock Movement | Amazon's AI chip demand surges, major foundry manufacturer Marvell Tech rises over 8%
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Amazon stated in its earnings call that the demand for its self-developed AI chip Trainium is strong, becoming a core business worth billions of dollars, with a quarter-on-quarter growth of 150%. Major foundry manufacturer Marvell Tech saw its stock price rise over 8%, closing at $95.83. Amazon CEO Andy Jassy revealed that the adoption rate of Trainium2 has increased, and production capacity has been booked, with expectations that the new generation Trainium3 will attract more customers. Amazon is also collaborating with NVIDIA, AMD, and Intel, planning to expand computing power to meet demand
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