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Marvell Rallies After Chipmaker Promises Big Gains in AI Sales

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May 25, 2023, 8:41 p.m. | Ian King

Bloomberg Technology bloomberg.com

Marvell Technology Inc. surged more than 21% in late trading after the chipmaker said it expects revenue from artificial intelligence to soar this year, capitalizing on a spending boom that also sent Nvidia Corp. on a record-setting rally this week.

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