This US tech stock could be crucial to the future of AI data centres

Marvell Technologies is at the forefront of boosting data centre bandwidth with fibre-optic solutions that increase the efficiency of data centre build-outs. It's working closely with Amazon and Microsoft on the development of their own data centre stacks to reduce dependence on Nvidia chips and has announced a series of deals over the past six months. Marvell delivered record quarterly revenue of $2.01bn in its second quarter, representing 58% year-on-year and 6% quarter-on-quarter growth. Earnings per share hit $0.67, up 123% year-on-year on a Non-GAAP basis. Gross margins remained robust at...

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