Marvell Technology shares are trading higher following an unconfirmed report suggesting the company has won Amazon's ASIC chip design.
Portfolio Pulse from Benzinga Newsdesk
Marvell Technology's shares are trading higher after reports indicate the company has won Amazon's ASIC chip design contract.
June 07, 2023 | 1:24 pm
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Marvell Technology shares are trading higher due to winning Amazon's ASIC chip design contract.
Marvell Technology winning the Amazon ASIC chip design contract is a significant development for the company. This partnership with Amazon, a major player in the tech industry, is likely to boost Marvell's revenue and reputation, leading to a positive short-term impact on its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100