March 31 (Reuters) - Nvidia ( NVDA ) has invested $2 billion in Marvell Technology ( MRVL ), and Marvell ( MRVL ) will join the Nvidia AI ecosystem, the companies said on Tuesday.
Shares of Marvell ( MRVL ) rose nearly 12%, while Nvidia ( NVDA ) shares were up 1.5% in premarket trading.
The tie-up makes it easier for Marvell ( MRVL ) to design custom artificial intelligence with its own networking gear and processors, the companies said.