Nvidia Shares Slip as Analyst Hails AI Lead; Marvell in Google Chip Talks
An analyst hailed Nvidia as the AI chip market leader while shares declined that session. Meanwhile, Alphabet is in talks with Marvell for AI chip supply and Nvidia joined a $2 billion pre-money funding round for AI coding startup Cursor at a valuation exceeding $50 billion.
1. Analyst Hails AI Chip Leadership
An analyst declared Nvidia as the leading AI chip supplier, citing its next-generation GPU performance and strategic partnerships with major cloud customers. Despite the endorsement, Nvidia’s stock dipped that trading session.
2. Google-Marvell AI Chip Talks
Alphabet is in negotiations with Marvell to secure AI chip supply for forthcoming data center deployments, potentially reducing reliance on Nvidia GPUs and intensifying competitive dynamics in the AI hardware segment.
3. Nvidia Backs $2B Cursor Funding
Nvidia joined Andreessen Horowitz and Thrive Capital in co-leading a $2 billion funding round for AI coding startup Cursor, which values the company at over $50 billion pre-money. The investment signals Nvidia’s commitment to broadening its AI ecosystem beyond hardware into developer-facing software tools.