Marvell Technology, Inc. (NASDAQ:MRVL) shares are trading lower today.
The company introduced its Structera line of Compute Express Link (CXL) devices, designed to address memory performance and scaling challenges in general-purpose servers for cloud data centers.
To tackle memory-intensive applications, data centers often add extra servers to increase memory bandwidth and capacity, which can lead to inefficiencies as additional computing power remains underutilized. The CXL industry-standard solves this by allowing new architectures to efficiently expand the memory of general-purpose servers.
Bob Wheeler, principal analyst at Wheeler's Network stated, "Marvell has developed a long-term vision for CXL that capitalizes on this diversity of uses and will encourage hyperscalers and others to adopt CXL to scale the so-called memory wall."
Raghib Hussain, president of products and technologies, said, "Our new Structera CXL product line will be a game-changer in enabling optimal resource utilization and lowering energy consumption for scaling memory-intensive workloads in the cloud."
"Marvell is delivering on the promise of CXL and our commitment to customers to help them solve their most challenging issues. CXL will continue to be a critical technology enabler for accelerated infrastructure across our compute, connectivity and storage portfolios," Hussain added.
"Marvell is an important CXL ecosystem partner to Micron, and our work together will help advance the adoption of memory expansion in the industry. Our collaboration on memory interoperability will enable flexible and scalable memory resources to match increasing processor core counts and data-intensive workloads," said Vijay Nain, senior director of CXL Product Management at Micron.
This week, Marvell announces the Teralynx 10 Ethernet switch device is in volume production with customer deployments underway.
Investors can gain exposure to the stock via Spear Alpha ETF (NASDAQ:SPRX) and Columbia ETF Trust I Columbia Seligman Semiconductor And Technology ETF (NYSE:SEMI).
MRVL Price Action: Marvell Technologies shares are down 1.52% at $63.50 at the last check Tuesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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