Marvell Technology

Shares of chipmakers AMD, Marvell Technology and Micron have each climbed to 52-week highs, drawing attention to what is powering the semiconductor rally. Investors are weighing drivers such as strong demand tied to artificial intelligence computing and improving memory pricing. Traders are debating whether the momentum in chip stocks can continue or if valuations are running ahead of fundamentals.

Akamai shares surged about 20% following an $11.6 billion deal with artificial intelligence company Anthropic, making it one of the market's biggest movers. Marvell Technology also climbed 1.2% in the same session. The news underscores how AI-related partnerships are driving sharp moves in tech stocks as investors chase exposure to the sector.

RBC analysts say Marvell Technology's custom artificial intelligence chip business could be a major driver of the company's growth by 2028. The brokerage's outlook points to rising demand from hyperscale customers designing tailored silicon for their AI workloads. Marvell, a semiconductor firm supplying data infrastructure chips, has been positioning itself as a key player in the custom AI accelerator market alongside larger rivals.

Marvell Technology shares climbed in overnight trading amid reports that the chipmaker is in talks with Google over a custom artificial intelligence chip. Retail investors reacted enthusiastically, with bullish commentary driving sentiment around the semiconductor company. The potential deal would add Marvell to the list of firms helping tech giants design their own AI silicon.