NVIDIA's $2 Billion Bet on AI Chip Company, Executives Sell Shares

NVIDIA’s roughly $2 billion (about ₩2.6 trillion) investment in Marvell Technology, Inc. (MRVL) was followed by consecutive disclosures of share sales by Marvell’s Chief Legal Officer and Chief Financial Officer. The head of legal affairs sold approximately $1.9 million (in the mid-20 billion KRW range) in two on-market transactions at the end of March and the beginning of April. Meanwhile, on April 15 the CFO, under a pre-established Rule 10b5-1 trading plan, sold about $4 million (around 50 billion KRW) of stock and, to cover tax liabilities arising from substantial RSU and PSU vesting, returned roughly $7.3 million (90–100 billion KRW) worth of shares while also being granted new RSUs.

Earlier, on March 31, NVIDIA’s $2 billion investment in Marvell and its announcement of an NVLink Fusion–based AI factory and AI-RAN collaboration sent Marvell’s share price soaring by double digits. Since then, the company has declared a quarterly dividend of $0.06 per share, introduced a new PCIe 6.0 switch for AI data centers, and seen investment bank Barclays upgrade its rating and raise its price target to $150, demonstrating continued momentum centered on AI partnerships with major clients.

Marvell, headquartered in the United States, is a semiconductor design firm specializing in data-infrastructure solutions. Its core products include high-speed connectivity chips and custom ASICs used in data centers, communications networks, and storage systems. For fiscal year 2026, Marvell reported annual revenue of about $8.2 billion, more than 70 percent of which came from its data-center business—underscoring its role as a key player in the global AI semiconductor supply chain driven by the expansion of AI servers and optical communications infrastructure.