Nvidia CEO Jensen Huang praised Marvell Technology as the next trillion-dollar company, highlighting its crucial role in providing networking and connectivity chips for data centers. This endorsement led to a 25% surge in Marvell's shares during premarket trading. Nvidia recently invested $2 billion in Marvell, supporting its growth in AI infrastructure and photonics technology, which uses light for more efficient data transmission. Marvell's chips are vital for cloud computing, AI, 5G, and automotive systems, positioning it as a key player in future tech developments.
The FTSE 100 index fell slightly, dragged down by mining stocks reacting to China's slower GDP growth of 4.3% in Q2, its weakest in three years. Despite this, oil prices remained steady amid US-Iran tensions. PayPal shares jumped over 14% following r...
The Goldman Sachs Future Tech Leaders Equity ETF (GTEK) has delivered a 48.9% return year-to-date, nearly doubling the 25% return of the Vanguard Information Technology ETF (VGT). Unlike VGT, which heavily invests in mega-cap tech giants like Nvidia,...
