Marvell Technology, Inc. (NASDAQ:MRVL) is betting on India to unlock long-term value, expanding local talent and innovation as it chases growth in the booming artificial intelligence infrastructure market.
The company plans to expand hiring and increase research spending in India to capture the rising global demand for AI infrastructure. The stock gained on Thursday in sympathy with Nvidia Corp’s (NASDAQ:NVDA) upbeat quarterly results, which triggered a rally in the semiconductor sector.
