Marvell Surges 7.27% on Amazon's Plan to Sell Trainium Chips to External Buyers

According to Bloomberg, Marvell (MRVL) surged 7.27% to $310.58 on Thursday, June 18, after Amazon announced plans to sell its Trainium AI chips to external companies for use in their own data centers. Marvell is a core design and manufacturing partner for AWS Trainium chips and will directly benefit from the expansion.

Amazon's Andy Jassy revealed in an April shareholder letter that if the chip business operated independently and sold chips to AWS and third parties, annualized revenue could reach approximately $50 billion. AWS confirmed it may sell full-rack chips to external buyers, marking a major strategic shift from its previous internal-only approach.