June 19, 2025

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Amazon, Microsoft, Google Fuel Marvell's $55B AI Chip Growth

Marvell Technology is experiencing a surge in its stock value, fueled by projections that its custom AI chip market could reach $55 billion by 2028, a significant jump from $6.6 billion in 2023. The company aims to capture 20% of this market, as well as 20% of the broader $94 billion data center semiconductor market. Analysts at BofA Securities are optimistic, raising the price target for Marvell's stock to $90, citing multi-year deals with major players like Amazon, Microsoft, and Google. Marvell is actively collaborating with Microsoft on its Maia processor and with Amazon on its Trainium3, solidifying its position in the AI space. They have secured 18 socket wins across hyperscalers including Microsoft, Amazon, Meta, and Google. In other AI developments, Google is considering a substantial investment in a proposed AI center in Connecticut, potentially worth millions over three years, to boost workforce training and AI innovation. Similarly, Mississippi is partnering with NVIDIA to enhance AI education and workforce development in its schools and universities, with a focus on rural areas. Ontario's AI sector is also booming, with over 17,000 new jobs and $2.6 billion in private investment. However, investment in AI research and development has decreased in the region. Beyond hardware and infrastructure, AI is increasingly impacting various sectors. The founder of Deep Genomics anticipates AI's significant impact on drug discovery, emphasizing the importance of AI in decoding biology. AI is also being used to make decisions about the power grid, highlighting the need for governance and oversight to prevent unintended consequences. Furthermore, AI agents present new cybersecurity risks, as they can be manipulated through prompt injections. Finally, Axis Communications will showcase its AI and video surveillance technology at Expo Seguridad México 2025, reflecting the growing demand for security solutions in the region. In the sports world, AI is being used to predict the first-round picks in the 2025 NBA draft, with Cooper Flagg projected as the top pick.

Key Takeaways

  • Marvell projects its custom AI chip market to reach $55 billion by 2028 and aims to capture 20% of the $94 billion data center market.
  • BofA Securities raised Marvell's stock price target to $90, citing deals with Amazon, Microsoft, and Google.
  • Marvell is collaborating with Microsoft on the Maia processor and Amazon on Trainium3.
  • Marvell has secured 18 socket wins across hyperscalers including Microsoft, Amazon, Meta, and Google.
  • Google is considering investing millions in a Connecticut AI center to boost workforce training.
  • Mississippi is partnering with NVIDIA to enhance AI education in schools and universities.
  • Ontario's AI sector has created over 17,000 new jobs and attracted $2.6 billion in private investment.
  • Deep Genomics' founder believes AI will significantly impact drug discovery by decoding biology.
  • AI is being used to make decisions about the power grid, necessitating governance and oversight.
  • AI agents present new cybersecurity risks due to prompt injection vulnerabilities.

Marvell stock soars on custom AI chip market boost

Marvell Technology's stock increased after the company said its custom AI chip market could reach $55 billion in 2028, up from $6.6 billion in 2023. They also expect their data center semiconductor market to hit $94 billion by 2028. Marvell aims to capture 20% of both markets. BofA Securities has a buy rating on Marvell stock, raising the price target to $90.

Marvell is a high-growth AI player says BofA analyst

Marvell Technology's stock is rising after a custom AI chip event. Bank of America analysts increased the stock's price target to $90. Marvell has secured multi-year deals with Amazon, Microsoft, and Google. They've also added new customers and expanded their product offerings. BofA believes Marvell can grow its earnings significantly by 2028 due to the strong AI spending environment.

Marvell stock jumps on multi-billion AI chip deals

Marvell Technology's stock is up after analysts reacted positively to its AI event. The company announced new XPU projects with hyperscale clients, potentially generating billions in revenue between 2026 and 2027. Analysts highlight Marvell's goal to capture 20% of the $94 billion data center market. Marvell is working with Microsoft on its Maia processor and Amazon on its Trainium3, strengthening its position in AI.

Wall Street backs Marvell after AI chip showcase

Marvell Technology's stock is up after its Custom AI Investor Day. The company's custom AI chips are booming, bringing in $650 million in fiscal 2025. Marvell revealed it has 18 socket wins across hyperscalers like Microsoft, Amazon, Meta, and Google. Analysts are praising Marvell, with some raising their price targets. Marvell is a key player in powering custom chips and cloud infrastructure for AI.

Google may invest in Connecticut AI center for economic growth

Google is considering a major investment in a proposed AI center in Connecticut. The investment could be worth millions over three years. City officials say Google's support shows the importance of AI for residents, businesses, and schools. Google's involvement could help Hartford secure state funding for the downtown AI center. The AI center aims to boost workforce training and test new AI ideas.

Google may invest in Connecticut AI center to boost economy

Google is considering investing in a proposed AI center in Connecticut. The investment could be millions of dollars over three years. Hartford officials believe Google's support shows the importance of AI for the community. Google stated it wants to help Connecticut become a leader in AI innovation and create economic opportunities. The AI center is estimated to cost $90 million.

Mississippi partners with NVIDIA to boost AI education

Mississippi is partnering with NVIDIA to improve AI education and workforce development. The goal is to make Mississippi a leader in AI and technology. The partnership will introduce AI programs in colleges and universities. These programs will offer training in AI, machine learning, and data science. The state will also support AI businesses and research.

Mississippi teams up with NVIDIA for AI in schools

Mississippi is partnering with NVIDIA to bring AI learning programs to schools. Governor Tate Reeves says this will prepare the state for future jobs in AI and cybersecurity. NVIDIA will work with schools to provide AI certifications. The program will focus on rural areas to provide equal opportunities. The state plans to invest a similar amount to the recent $9 million investment in AI partnerships.

AI drug discovery will exceed expectations says Deep Genomics founder

The founder of Deep Genomics believes AI will greatly impact drug discovery. He says focusing on how many AI drugs are in clinics misses the point. He emphasizes the importance of building AI that can decode biology. This could lead to significant advancements in global health.

AI is making grid decisions governance is key

AI is starting to make decisions about the power grid. These decisions include forecasting demand and managing outages. AI could repeat past mistakes if not guided properly. For example, AI might prioritize warehouses over nursing homes during outages. It's important to have rules and oversight for AI in critical infrastructure.

AI agents and the problem with obedience security risks

AI agents can be tricked into performing malicious actions through prompt injections. Attackers can use language to manipulate AI agents. This is a new type of cybersecurity threat where conversations become the attack surface. Organizations need to monitor AI agent activity and limit their access to sensitive information. Existing security measures may not be enough to protect against these attacks.

David Baker's AI biotech Xaira what's new

This article discusses the work of David Baker's AI biotech company, Xaira. It mentions that the author will be taking a break from the newsletter. The author will be attending the Aspen Ideas Health Festival in Colorado. The newsletter will return on July 2nd with a special 20th edition.

AI and video surveillance at Expo Seguridad 2025

Axis Communications will present its AI and video surveillance technology at Expo Seguridad México 2025. The company will showcase solutions like a server optimized for AI and network speakers with text display. They will also present an air quality sensor and a cloud platform called Axis Cloud Connect. The video surveillance market in Mexico is growing, driven by the need for security.

Ontario's AI sector booms with jobs and investments

Ontario's AI sector is growing with over 17,000 new jobs created. Private investment in Ontario AI companies reached $2.6 billion. Seventy new AI companies were established in Ontario. The province is becoming a leading global AI hub. However, investment in AI research and development has decreased.

NBA mock draft 2025 AI predicts first round picks

AI and mock drafts agree that Cooper Flagg will be the first pick in the 2025 NBA draft. Dylan Harper is predicted to be the second pick. After the top two, AI predictions vary. V.J. Edgecombe, Ace Bailey, Kon Knueppel, and Tre Johnson are also expected to be top picks. AI simulations produced a wide range of outcomes for the first round.

Sources

Marvell Technology AI chips Custom AI chips Data center Semiconductors Amazon Microsoft Google Hyperscalers XPU Maia processor Trainium3 AI investment AI center Connecticut Economic growth NVIDIA AI education Workforce development Mississippi AI programs Machine learning Data science AI drug discovery Deep Genomics AI in healthcare AI governance Power grid Critical infrastructure AI agents Cybersecurity Prompt injection AI biotech Xaira AI and video surveillance Axis Communications Expo Seguridad México 2025 Ontario AI sector AI jobs AI companies NBA mock draft AI predictions