Nvidia has made a strategic $2 billion equity investment in Marvell Technology, forming a comprehensive partnership to integrate Marvell's custom AI chips into Nvidia's AI infrastructure ecosystem. The announcement, made on March 31, 2026, sent Marvell's stock soaring as much as 11% in premarket trading, while Nvidia's shares edged up 1.6%.
The core of the partnership is the integration of Marvell's custom XPU chips with Nvidia's processing and networking hardware via Nvidia's NVLink Fusion platform. This technology allows third-party chips like Marvell's XPUs to connect directly to Nvidia's infrastructure, enabling customers to build "semi-custom AI infrastructure" by mixing and matching components from both companies. Nvidia CEO Jensen Huang stated the move is aimed at enabling customers to "leverage NVIDIA’s AI infrastructure ecosystem and scale to build specialized AI compute."
For Nvidia, the investment is a tactical move to strengthen its AI dominance by ensuring its networking and processing chips are part of customer stacks that also use custom XPUs. For Marvell, a company known for designing chips for hyperscalers like Amazon, the deal provides a major valuation boost and integrates its technology into the world's leading AI architecture. The partnership also extends to co-development in silicon photonics and the AI-RAN ecosystem for future telecom networks (5G/6G).
Financially, the $2 billion stake provides Marvell with significant capital and institutional credibility. Marvell had recently reported revenue of $8.19 billion for its fiscal 2026, representing 42% year-over-year growth. The company's stock had been down roughly 7.45% in recent sessions prior to the announcement, making the Nvidia deal a clear positive catalyst.
