After Marvell (MRVL) and Nvidia (NVDA) announced a strategic deal that will see the latter invest $2B in Marvell to collaborate on telecom and data center AI development, Oppenheimer analyst Rick Schafer said the partnership expands Nvidia’s AI ecosystem by integrating custom XPU paired with NVLink Fusion for high performance scale-up networking and views the deal as “a vote of confidence” in Marvell as a core AI partner in ASIC and connectivity. The firm, which also notes that Nvidia has been investing across the AI ecosystem recently with investments of $2B each in Synopsys (SNPS), Nebius (NBIS), Lumentum (LITE) and Coherent (COHR), reiterates Outperform ratings on Nvidia and Marvell.
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