NasdaqGS:MRVLSemiconductor
Marvell’s Celestial AI Deal Reshapes Growth Outlook In AI Connectivity
Marvell Technology has completed its acquisition of Celestial AI, a company focused on optical interconnect technology for AI and cloud data centers.
The deal is aimed at strengthening Marvell's optical connectivity offerings for large scale AI systems and cloud providers.
Early interest from major cloud customers in Marvell's expanded capabilities highlights the commercial relevance of this move.
Marvell Technology, NasdaqGS:MRVL, now sits at a share price of $74.21 after a 37.6% decline...