Global marketsUpdated November 3

Marvell's CEO defends NVIDIA's investments in its AI ecosystem.

Matt Murphy pushed back on concerns about cross-investments in the AI ecosystem, including NVIDIA's investments in Marvell and Lumentum. Critics worry NVIDIA could indirectly help finance demand for its own products by holding stakes in companies considered its customers. Murphy called the investments additional support for NVIDIA as the ecosystem's leading company, and said bringing together two major suppliers that support it would benefit the ecosystem.

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Coverage started November 3