Nvidia Invests $2 Billion in Marvell in AI Pact, Sparking Rally

Nvidia Corp. is taking a $2 billion stake in Marvell Technology Inc. and opening up its system to allow Marvell to integrate custom artificial intelligence chips and networking equipment on the platform.

Nvidia, which has made several billion-dollar investments in firms across the artificial intelligence supply chain in recent years, and Marvell also agreed to collaborate on the development of silicon photonics, which use light instead of traditional copper wiring to move data faster and more efficiently. And the companies will work together on ways to better leverage telecommunications networks for AI computing, according to a statement issued Tuesday.