Marvell and AWS Expand Partnership to Enhance Cloud and AI Solutions

Marvell And AWS Deepen Collaboration On Cloud And AI Solutions: Details - Amazon.com (NASDAQ:AMZN), Marvell Tech (NASDAQ:MRVL)

The collaboration enhances AWS's efficiency in compute, networking, and storage while supporting Marvell's accelerated product development. Marvell Technology, Inc. MRVL shares surged following the announcement of a five-year expanded partnership with Amazon Web Services, Inc. (AWS), emphasizing collaboration across AWS products and leveraging cloud infrastructure to drive advancements in accelerated data solutions. The partnership includes Marvell's advanced data center semiconductor portfolio, including AI products, digital signal processors (DSPs), PCIe retimes, and Ethernet solutions. These technologies enable AWS to enhance compute, networking, and storage efficiency, offering cost savings and faster market readiness for AWS and its customers. Adopting a cloud-first approach, Marvell leverages AWS for electronic design automation (EDA), accelerating silicon design with scalable infrastructure. This strategy tackles advanced-node workload demands, supports parallelized design tasks, and accelerates time-to-market for Marvell's products. Also Read: How To Earn $500 A Month From Marvell Technology Stock Ahead Of Q3 Earnings "AWS's EDA solutions will help Marvell rapidly and securely scale our silicon design process and capabilities to deliver industry-leading accelerated infrastructure with best-in-class time to market," commented Matt Murphy, Chairman and CEO at Marvell. "Our expanded collaboration with Marvell enables us to deploy our comprehensive semiconductor portfolio and specialized networking hardware to advance our mission to provide the industry's most robust and scalable cloud and AI services to our customers," commented Matt Garman, CEO at AWS. Additionally, Evercore ISI raised its price target on Marvell from $98 to $122 while maintaining the Outperform rating. Price Action: MRVL shares are trading higher by 2.74% at $95.23 at the last check Monday. Photo by Sundry Photography via Shutterstock Also Related: Goldman Sachs, Morgan Stanley, Bank Of Montreal Cut Positions In Marvell Technology -- Invesco, T. Rowe Price Doubled Down Market News and Data brought to you by Benzinga APIs

Marvell shares rise after expanding deal with AWS By Investing.com

Investing.com -- Shares of Marvell Technology Inc (NASDAQ:MRVL) rose more than 5% premarket on Monday after a five-year agreement with Amazon (NASDAQ:AMZN) Web Services (AWS) that includes collaboration on data center semiconductor and cloud infrastructure technologies. Under the deal Marvell will supply a range of products for AWS, such as data center semiconductor, custom AI products, optical digital signal processors, active electrical cable, PCIe retimers, data center interconnect optical modules and Ethernet switching silicon solutions. Additionally, Marvell will use AWS's cloud-based electronic design automation (EDA) tools for its silicon development. "AWS's EDA solutions will help Marvell rapidly and securely scale our silicon design process and capabilities to deliver industry-leading accelerated infrastructure with best-in-class time to market." Marvell CEO Matt Murphy. With Marvell's silicon technologies, AWS is continuing to advance data center compute, networking and storage offerings, allowing AWS and their customers to achieve greater efficiency, lower total cost of ownership, and faster time to market, the company said in a statement. Marvell said the collaboration aims to improve efficiency and reduce costs for AWS and its customers, underscoring the growing demand for advanced semiconductor solutions in data centers.