Marvell Technology & Meta Platforms

Marvell Technology: Marvell Technology's shares jumped significantly due to reports of potential deal talks with Alphabet Inc. to develop AI chips, indicating a positive market outlook for the company.

Meta Platforms: Meta Platforms recently extended its deal with Broadcom for custom AI processors, highlighting the broader trend of Big Tech investing in custom chips, but is not directly involved in the Alphabet Inc.-Marvell talks.

Marvell Technology: Marvell Technology's shares hit a record high after Nvidia CEO Jensen Huang called it the next 'trillion-dollar company'.

Meta Platforms: Micron Technology briefly surpassed Meta Platforms in market capitalization, highlighting the rapid growth of AI-focused semiconductor companies compared to other tech giants.