Marvell Surges 7.27% After Amazon Plans to Sell Trainium AI Chips to External Customers

According to Bloomberg, Marvell surged 7.27% to $310.58 on Thursday (June 18) after Amazon announced plans to sell its Trainium AI chips to external customers. Marvell serves as AWS's primary design and manufacturing partner for the Trainium platform, positioning it to benefit directly from the expansion. The announcement marks a strategic shift for AWS, which has historically kept its custom chips for internal cloud services use only.

Trading volume for Marvell reached approximately 188 million shares, more than five times its three-month average daily volume of 36 million shares. Amazon CEO Andy Jassy indicated in April that AWS's chip business could generate annualized revenue of around $50 billion if operated as a standalone unit and chips were sold to both AWS and third parties, signaling the company's confidence in the commercial potential of its chipmaking operations.