On Friday, Marvell Technology (MRVL.US) opened high and rose over 9%, reaching a historic high of 119.61 USD.
According to Zhituo Finance APP, on Friday, Marvell Technology (MRVL.US) opened high and rose over 9%, reaching a historic high of 119.61 USD. In terms of news, Marvell Technology announced several updates on Wednesday, including breakthroughs in custom high bandwidth memory (HBM) for AI processors. Marvell Technology stated that its new AI accelerator architecture (XPU) will increase computing power by 25%, memory by 33%, and will also improve energy efficiency. The company is collaborating with Micron Technology (MU.US), Samsung (SSNLF.US), and SK Hynix to customize HBM processors for the accelerator.