US Stocks Move: Marvell Technology continues to rise 2% pre-market; JPMorgan expects it to benefit from the latest collaboration between Amazon and Anthropic.

Amazon announced on April 20 local time that it has reached a milestone agreement with the artificial intelligence company Anthropic, pledging to invest an additional $5 billion, with plans to invest up to another $20 billion upon achieving commercial milestones. Previously, Amazon had already invested $8 billion in the creator of the Claude large language model. In exchange, Anthropic has committed to purchase over $100 billion in computing resources from AWS over the next decade and to extensively deploy Amazon's self-developed Trainium AI chips.JPMorgan analysts stated that Amazon's latest collaboration with Anthropic will benefit Marvell Technology and Astera Labs. The report notes: "We believe Marvell Technology and Astera Labs are two key Amazon suppliers poised to benefit from this agreement. Firstly, Marvell Technology is a long-term ASIC design partner with AWS on the Trainium project (Trainium 2), is currently ramping up production for Trainium 3, and is expected to have a higher content share in Trainium 4, including Celestial CPO, NVLink, and UALink switching, among others."