24H|Credo Technology Jumps 4%; Marvell, Amazon Rise 3%; Lucid, ARM up 2%

Tiger Newspress
11 hours ago

Marvell Technology stocks jumped 3% in overnight trading after soaring 6% in the previous trading day

Amazon.com stocks rose 3% in overnight trading.

Amazon said on Monday that it will invest up to $25 ​billion in Anthropic, as the AI startup commits to ‌spending more than $100 billion over the next 10 years on Amazon's cloud technologies.

The deal deepens the two firms' relationship as Anthropic rushes to secure capacity ​to bolster its models.

Credo Technology Group Holding Ltd rose 4% in overnight trading.

Lucid Group Inc, ARM Holdings rose 2% in overnight trading.

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