Nvidia Just Invested $2 Billion in a Company That Helps Customers Avoid Nvidia
Jensen Huang dropped another $2 billion like it was couch change. The recipient? Marvell Technology — a company whose core business is helping hyperscalers build custom chips so they don’t have to buy Nvidia GPUs. Read that again. Nvidia just invested $2 billion in a competitor enabler. Huang called it “a marvelous investment” on CNBC. Yes, he really said that. Marvell’s stock popped 13%. Nvidia climbed 3-4%. Everyone made money. But the real story isn’t the dad joke — it’s the strategy hiding behind it. ...