Shares of Astera Labs (ALAB) and Marvell Technology (MRVL) climbed in Friday trading following Amazon’s quarterly results. Astera Labs gained 8% in pre-market activity, while Marvell rose over 7%.
The rally followed Amazon’s disclosure that its custom AI chip business reached a $25 billion annual sales run rate. This milestone signals massive demand for AI data center infrastructure.
Marvell serves as a primary design partner for Amazon’s custom Trainium AI processors. Astera Labs provides essential data and memory connectivity components for these AI workloads.
Investors view Amazon’s increased capital expenditure plans as a growth indicator for its semiconductor suppliers.