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AI & Enterprise

Marvell shares surge 241 percent in a year; CEO cites trust as key to AI chip success

Marvell Technology shares have surged 241 percent over the past year, with long-standing trust built with major technology companies cited as a key driver. CEO Matt Murphy said hyperscaler customers decide deals based on trust across the ecosystem, not only price or performance. Marvell expanded cooperation with Nvidia in March and signed a partnership with Google in August. FactSet expects data centre revenue to rise 60 percent in fiscal 2027 and 61 percent in fiscal 2028.

AI & Enterprise

Broadcom\'s VMware to upgrade low-cost vSphere Standard soon, easing VCF tilt

VMware, a Broadcom unit, will soon release an updated version of its low-cost server virtualisation product vSphere Standard, The Register reported on Sept. 2. The report said vSphere Standard has seen little change for years and received little promotion after Broadcom bought VMware in 2023. VMware has focused on expanding its private cloud platform Cloud Foundation, while lower-cost products drew minimal attention and sales incentives pushed customers toward VCF.

Finance

KOSPI ends slightly higher as semiconductor stocks extend losses

South Korea\'s KOSPI closed slightly higher after a volatile session in which it slid to the 6,400 level before recovering. Bargain hunting followed the previous session\'s near 4 percent drop, but semiconductor shares including Samsung Electronics and SK Hynix stayed weak. Retail investors, foreigners and institutions were net sellers. The KOSDAQ extended losses and fell below 800. The won strengthened slightly against the dollar.