The AI infrastructure sector is seeing significant activity, with key partnerships and product launches driving market movements. Fermi Inc. (FRMI) shares surged 13.2% premarket after securing a credit support agreement with AMD for its Texas AI site, Project Matador, which will deliver 222MW of power capacity . This deal is crucial for securing project financing and allows for potential expansion up to 650MW.
Separately, Navitas Semiconductor (NVTS) climbed 3.1% after jointly unveiling a 24 kW power delivery board with NVIDIA for AI data centers, designed for 97% efficiency and high power density . Marvell Technology (MRVL) also launched new connectivity chips for AI infrastructure, including a 3.2T retimer and 1.6T AEC DSP, with products currently sampling to customers . Credo Technology (CRDO) is showcasing memory expansion tech with AMD at the OCP Global Summit, addressing memory bandwidth constraints in AI workloads .
These developments highlight ongoing investment and innovation in the foundational components of AI, from power and connectivity to memory solutions.
Fermi shares surge on AMD credit support deal for Texas AI site
Why is Navitas Semiconductor stock climbing today?
Marvell launches connectivity chips for AI infrastructure
