Marvell Technology's stock surged by 18% to reach an all-time high following a strong earnings report and a strategic deal with Amazon. The company's CEO, Matt Murphy, reaffirmed his commitment to Marvell amidst speculation of Intel's interest in hiring him to replace CEO Pat Gelsinger. The stock's rise is part of a broader competitive landscape in the AI chip market, where Nvidia currently leads but faces increasing competition from Amazon and AMD. Analysts have dubbed Marvell the next significant player in the AI chip sector, contributing to its recent valuation of $100 billion.