Nvidia reaches a record high, Marvell and AMD join the AI chip boom
2026-10-06 22:38:04
CoinMeta Data: Nvidia reaches a new all-time high during the boom in AI infrastructure, closing at $239.11 on Monday with a market value of approximately $5.77 trillion, just less than 5% away from a $6 trillion market value. Meanwhile, Marvell and AMD also saw gains due to optimistic reactions to the growth expectations for AI, with Marvell's stock price rising by about 6%. Marvell recently raised its revenue forecasts for the 2027 and 2028 fiscal years, with second-quarter revenue reaching $2.74 billion, a year-on-year increase of 37%. AMD CEO Lisa Su stated that it plans to significantly increase chip supply in 2027 to ensure that expected demand is met.
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Source:Coinpaper
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