'The next trillion-dollar company,' according to Nvidia CEO Jensen Huang, is making a $115-billion bet on AI — just as tech stocks take a tumble
· aol.com · popularity 16/100 · 0 similar stories today · Entrepreneurship & Startups (Business & Finance)
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Summary
Semiconductor maker Marvell Technologies (NASDAQ:MRVL) has announced plans to acquire fellow California company Lumentum (NASDAQ:LITE) in an all-stock transaction worth an estimated $115 billion. According to CNBC analysts, this is “one of the most significant bets on AI” of the year — no small …
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