Driven by ai trends, chip manufacturer Marvell Technology (MRVL.US) reported that its sales for the quarter ending in October increased by 7% year-on-year and by 19% quarter-on-quarter, reaching 1.52 billion USD, surpassing market expectations of 1.46 billion USD; adjusted earnings per share were 43 cents, also exceeding the expected 41 cents.

Marvell CEO Matt Murphy stated that the biggest contributors to quarterly growth were sales of new customized ai accelerator chips from Amazon.com and other builders of large-scale datacenters.