Tech

Marvell Technology CEO Matt Murphy Believes This Is The 'Most Beautiful Thing' One Person Can Do For Another And It Can 'Change Their Life'

Shomik Sen Bhattacharjee — Sat, 06 Jun 2026 17:01:16 +0000

Marvell Technology Inc. (NASDAQ:MRVL) CEO Matt Murphy says one of the most powerful things a leader can give another person is confidence, calling it the kind of support that can change the course of a life and career.

Gifford's Confidence Helped Shape Murphy's Career

Speaking on the February episode of "A Bit Personal" with host Jodi Shelton, Murphy said encouragement from Jack Gifford, the late Maxim Integrated founder and Advanced Micro Devices Inc. (NASDAQ:AMD) co-founder, became a defining moment in his semiconductor career.

Murphy recalled asking Gifford for advice when he was weighing his path at Maxim. Gifford declined to tell him what to do directly, saying, "Well, I'm not going to tell you what to do." But he then told Murphy he could see both options and believed that if Murphy stayed on the business management track, "you can go all the way."

Murphy said he did not ...

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EXCLUSIVE: Forget SpaceX—This Company Wants To Launch Rockets, Land On The Moon And Build Defense Systems

Surbhi Jain — Sat, 06 Jun 2026 16:01:16 +0000

Most space companies pick a lane. Some focus on launch. Others build satellites. A growing number are pursuing lunar opportunities, while defense contractors compete for military and national-security contracts. Firefly Aerospace Inc. (NASDAQ:FLY) is taking a different approach.

Instead of betting its future on a single market, the company is building a business that spans launch services, lunar exploration, in-space transportation and defense technologies—a strategy CEO Jason Kim believes could reduce risk while expanding the company’s growth opportunities.

Three Markets, One Strategy

“Firefly’s strategy is built around being a diversified space and defense technology company that is equipped to serve all three markets with our launch, lunar, and in-space services,” Kim told Benzinga.

The approach stands out in an industry where many emerging space companies remain heavily dependent on a single product, customer or government contract.

Firefly’s portfolio already stretches across multiple segments of the space economy.

The company operates its Alpha launch vehicle, is developing the larger reusable Eclipse rocket with Northrop Grumman Corp (NYSE:NOC), and has gained ...

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Jensen Huang Personally Reviews Pay For All 42,000 Nvidia Employees — Here's What He Does '100% Of The Time'

Chris Katje — Sat, 06 Jun 2026 15:02:28 +0000

The growth of the stock price of NVIDIA Corporation (NASDAQ:NVDA) has made CEO Jensen Huang one of the richest people in the world and created millionaires among the company's employees. Huang was asked in June 2026 about how he decides how much to pay employees. Here's what he had to say.

Huang on Paying Employees

At Computex 2026, Huang was asked about paying Nvidia employees, amid recent debates over how companies should share profits from AI growth with their workers.

"I think people should be paid as much as possible," Huang said, as reported by Bloomberg.

The comment came after Huang was asked about Samsung Electronics reaching a compensation agreement to pay up to $400,000 in bonuses to its chip engineers.

"I pay my employees as much as I can. That's what I do," he said.

Samsung's agreement came amid workers’ concerns about losing their jobs to ...

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Forget Coding, Get A Hobby: Anthropic Co-Founder Shares Surprising Career Advice For The AI Era— 'It's A Great Time For Philosophers'

Eva Mathew — Sat, 06 Jun 2026 13:01:49 +0000

As artificial intelligence reshapes the workplace, Anthropic co-founder Jack Clark has some unexpected career advice for young people worried about their future: develop a hobby.

The remarks come as Anthropic says its AI assistant Claude now generates roughly 80% of the code used within the startup, underscoring how quickly the technology is changing the nature of work.

Forget Coding, Start Exploring

Speaking to BBC Newsnight this week, Clark argued that creativity and curiosity may become increasingly valuable as AI systems take on more routine work, including coding and other knowledge-based tasks.

“Develop a hobby,” Clark said when asked what advice he would give young people concerned that AI could eliminate the careers they are preparing for.

“Anyone who has a hobby has something that they’re passionate about and that they know more about than most people.”

Clark said hobbies help people cultivate curiosity and generate ideas — qualities he believes will become increasingly important in an AI-driven economy.

“You can have curiosity, you can have ideas, and you can use that to really get the most out of these AI systems,” he said, adding that those ...

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Marvell Technology, Broadcom, GameStop And More: 5 Stocks Investors Couldn't Stop Buzzing About This Week

Rishabh Mishra — Sat, 06 Jun 2026 12:31:40 +0000

Retail investors talked up five hot stocks this week (June 1 to June 5) on X and Reddit’s r/WallStreetBets, driven by retail hype, earnings, AI infrastructure momentum, and corporate/geopolitical news flow.

Marvell Technology Inc. (NASDAQ:MRVL), Broadcom Inc. (NASDAQ:AVGO), CrowdStrike Holdings Inc. (NASDAQ:CRWD), GameStop Corp. (NYSE:GME), and Lululemon Athletica Inc. (NASDAQ:LULU), spanning semiconductors, software/cloud, AI chips, cybersecurity, gaming, and cloud and hardware infrastructure, reflected strong retail interest.

Marvell Technology

Marvell had a high-impact week driven by AI momentum. On June 1, the company announced the availability of its industry’s first 102.4 Tbps Teralynx T100 switch, purpose-built for AI and cloud data center infrastructure. The biggest catalyst came on June 2 at COMPUTEX 2026, when Nvidia Corp. (NASDAQ:NVDA) CEO Jensen Huang praised Marvell as the “next trillion-dollar company” due to its critical role in AI data center connectivity and orchestration—this triggered a massive stock surge.

Retail investors were bullish on MRVL. An investor who suffered losses on his portfolio this week was considering shifting all his holdings to MRVL, calling it a “steady” stock.

Source: Reddit

The stock had a 52-week range of $61.44 to $324.20, trading around $305 to $317 per share, as of the publication of this article. It was up 377.27% over the year, higher by 222.26% over the last six months, and 272.36% year-to-date.

MRVL had a strong price trend in the medium, short, and long term, with a solid growth ranking, as per Benzinga's Edge Stock Rankings.

Broadcom

Broadcom reported record revenue of $22.187 billion, up 48% year-over-year, beating estimates, with AI semiconductor revenue at $10.8 billion, up 143% YoY, strong margins, and third-quarter guidance of ~$29.4 billion; it also raised full-year AI revenue targets. Despite the beat, shares plunged on investor disappointment over unchanged full-year AI ...

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Former OpenAI CTO Mira Murati Shares Stark Warning About AI's Future, Says It's More Like A 'Tandem Bike' Than Autopilot

Mohd Haider — Sat, 06 Jun 2026 08:36:30 +0000

Mira Murati, co-founder and CEO of Thinking Machines Lab, said frontier AI must function like a “tandem bike,” with both humans and machines collaborating throughout development.

Speaking at Bloomberg Tech 2026 in San Francisco on Friday, the former OpenAI CTO pushed back on the idea that “humans in the loop” is sufficient framing for safe AI development. “It sounds like a checkpoint where we’re signing off something and then you’re good to go,” she said.

“Both people are pedaling, but when you’re going up a hill, whoever is stronger is pedaling harder — but both hands are on the wheel,” Murati said. “That’s a system designed for collaboration.”

Not A Predestined Outcome

Murati said AI’s future is “not a predestined outcome,” dismissing predictions of either dystopia or utopia as oversimplified. She called for institutional checks and balances over individual authority, saying governance ...

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Why LinkedIn Founder Reid Hoffman Is Leaving Microsoft's Board After Nearly A Decade

Mohd Haider — Sat, 06 Jun 2026 08:03:41 +0000

Reid Hoffman, who co-founded LinkedIn in 2002, is stepping down from Microsoft‘s (NASDAQ:MSFT) board of directors to refocus on Manus, his AI-powered drug discovery startup, the company announced Thursday.

LinkedIn Founder Returns to Startup Roots

Hoffman joined the MSFT board in 2016 following the company’s $26.2 billion LinkedIn acquisition. During his tenure, he was present for Microsoft’s landmark $1 billion OpenAI investment in 2019 and a $650 million acqui-hire of his AI venture Inflection AI, a deal that brought Inflection co-founder Mustafa Suleyman to Microsoft.

Later, Hoffman resigned from OpenAI’s board in 2023, citing potential conflicts of interest between his role on the board and his investments through Greylock Partners, as well as his personal holdings in startups building on OpenAI’s technology.

On a recent episode of ...

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Mark Cuban Pushes Back After Peter Diamandis Says $300,000 College Degrees Teach Skills AI Can Do For Free: 'Can't Teach You The...'

Ananya Gairola — Sat, 06 Jun 2026 06:42:24 +0000

As artificial intelligence reshapes industries and education, billionaire investor Mark Cuban and entrepreneur Peter Diamandis are clashing over whether traditional college degrees still justify their soaring costs.

Diamandis Questions The Value Of College Degrees

On Friday, Diamandis took X and argued that universities charge students roughly $300,000 for degrees that teach skills large language models can now perform at little to no cost.

"Hot take: Universities charge $300,000 for a degree that teaches you skills any LLM can do for free," Diamandis wrote, questioning whether higher education may represent "the greatest individuals misallocation of capital in recent history."

Hot take: Universities charge $300,000 for a degree that teaches you skills any LLM can do for free. At some point we need to have an honest conversation about whether higher education is the greatest individuals misallocation of capital in recent history.

— Peter H. Diamandis, MD (@PeterDiamandis) June 5, 2026

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David Sacks Rips Bernie Sanders' 50% AI Ownership Plan, Warns It Could Lead To China's 'CCP-Style' Social Credit System— 'I Can See Why...'

Mohd Haider — Sat, 06 Jun 2026 06:15:58 +0000

Former White House AI and Crypto Czar David Sacks pushed back against Sen. Bernie Sanders‘ (I-VT) proposal to give the government a 50% ownership stake in the largest AI companies, warning it would create “Central Government AI — a system with even more totalistic power over information, decision-making, and human behavior.”

Sacks Sees the Political Logic — But Calls It a Trap

In his Friday post on X, Sacks said he could see why the proposal resonates even among conservatives, noting that AI lab CEOs themselves had repeatedly warned of massive job displacement, a narrative he said he does not believe and is not supported by the data. He called out Anthropic CEO Dario Amodei and OpenAI CEO Sam Altman for walking back those claims, saying the damage to public trust is done.

He also hit the labs for enriching NGOs advancing agendas “at odds with traditional values,” calling it “Soros-maxxing” that conservatives don’t consider genuine philanthropy. Sacks said he “could almost support the Sanders proposal as a stupidity tax.”

Nationalization ...

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Marvell Secures Spot In S&P 500 Index Amid AI Chip Boom

Ananya Gairola — Sat, 06 Jun 2026 06:04:45 +0000

Marvell Technology (NASDAQ:MRVL) shares climbed in after-hours trading on Friday after the chipmaker secured a spot in the S&P 500 index.

S&P Dow Jones Indices said Friday that the chipmaker will join the benchmark index before markets open on June 22, replacing pool equipment distributor PoolCorp (NASDAQ:POOL).

Marvell shares closed Friday down 16.7% at $263.47 and in after-hours trading, it rose 3.5% to $272.78, according to Benzinga Pro.

Marvell's inclusion follows a key financial milestone: the company has achieved profitability under generally accepted accounting principles, or GAAP, both in the quarter ended December and across its most recent four quarters combined.

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SpaceX Signs $920 Million Monthly AI Deal With Google Days Before Blockbuster IPO— 110,000 Nvidia GPUs Locked In Through 2029

Mohd Haider — Sat, 06 Jun 2026 04:57:54 +0000

SpaceX signed a $920 million monthly compute-leasing deal with Alphabet (NASDAQ:GOOG) (NASDAQ:GOOGL), granting access to roughly 110,000 Nvidia (NASDAQ:NVDA) GPUs across its data centers through mid-2029, days before its landmark public offering.

Who Gets An Exit Clause

Under the agreement outlined in a regulatory filing on Friday, capacity ramps to full rate by September 2026 at a reduced fee, with an exit clause allowing Google to terminate immediately if SpaceX fails to deliver the committed GPU count by that deadline. After 2026, either party may exit with 90 days’ notice.

The terrestrial compute deal also comes amid reports that Google and SpaceX are in separate talks to develop orbital data centers, with Google reportedly planning prototype satellite launches by 2027 under its Project Suncatcher initiative.

SpaceX's IPO prospectus indicates that its AI division ...

Full story available on Benzinga.com

Meta Investor Dumps Shares After AI Fundraising Report, Says Shareholders Don't Want 'Drunken Sailors' Spending: 'People Are Not Going To Invest...'

Mohd Haider — Sat, 06 Jun 2026 03:57:27 +0000

Hightower Advisors‘ Chief Investment Strategist Stephanie Link sold half her Meta (NASDAQ:META) position Friday, calling the company “tone-deaf” as its shares fell 5.5% following a report it is considering raising tens of billions in a stock sale to fund AI infrastructure.

Link Trims Meta Stake

“The numbers actually did go higher on the revenue line, but the operating margin numbers are going in the wrong direction — and people are not going to invest in companies where earnings are going down or at least stagnant,” Link told CNBC’s Closing Bell on Friday.

Meta executives have been exploring ways to raise cash as the company prepares to boost AI-related capex to as much as $145 billion this year and higher in 2027, the Financial Times reported, citing sources.

Meta did not immediately respond to Benzinga‘s request for comment.

Meta was already expected to spend $125-$135 billion in capex this year, up from $74 billion last year, Link said, adding the company has spent $82 billion on Reality Labs since 2021, generating $80 billion in operating losses.

“The shareholder base at Meta — they don’t want them to continue to spend like drunken sailors,” she said.

Link also stated she still holds a reduced META ...

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BankBound Launches Three New Solutions to Help Community Banks Compete in the AI Search Era

PR.com — Fri, 05 Jun 2026 20:33:32 +0000

A turnkey blogging platform, a premium Generative Engine Optimization (GEO) framework, and a managed website consent-compliance service give community banks new tools to build online authority, get found in AI-generated answers, and keep pace with a fast-changing privacy landscape.

Newtown, PA June 05, 2026 --(PR.com)-- BankBound, the digital marketing agency dedicated exclusively to financial institutions, today announced a significant expansion of its product and service lineup. Three new offerings — BankBound Hub, a turnkey blogging platform; an enhanced, premium GEO (Generative Engine Optimization) framework; and a managed website consent-management service — are designed to help community banks strengthen their online presence, earn visibility in AI-powered search, and navigate an increasingly complex web of data-privacy regulations.

The way customers find and evaluate banks online is changing quickly. Prospective customers increasingly turn to AI assistants and AI-generated search results — not just traditional search listings — to answer financial questions and compare providers. At the same time, publishing authoritative content remains out of reach for many banks whose website platforms lack a flexible, easy-to-use blog, and a growing patchwork of state privacy laws has raised the stakes for how institutions track and collect website data. BankBound's new offerings address all three pressures.

"Community banks are fighting for visibility in a market dominated by megabanks with marketing budgets they'll never match." said Ryan Young, Director of Business Development at BankBound. "These new solutions give them an efficient, practical way to publish great content, get cited by the AI tools their customers now rely on, and stay ahead of privacy requirements — all without adding headcount or technical complexity."

BankBound Hub: An SEO-ready blog for any bank website
BankBound Hub lets ...

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Nasdaq 100's Worst Day Since Trump Tariff Shock, Crypto Carnage Worsens: This Week On Wall Street

Piero Cingari — Fri, 05 Jun 2026 20:01:33 +0000

It was a volatile week on Wall Street, with the final two sessions delivering jolts to an AI-driven rally that had looked unstoppable.

On Friday, the Nasdaq 100 — tracked by the Invesco QQQ Trust (NASDAQ:QQQ) — recorded its worst drop since April 2025’s ‘Liberation Day’ selloff sparked by Trump-related tariffs, while the S&P 500 — tracked by the SPDR S&P 500 ETF Trust (NYSE:SPY) — snapped nine straight weeks of gains, its longest streak since 2023.

The risk sentiment sank amid two key catalysts.

First came Broadcom Inc. (NASDAQ:AVGO). The chipmaker giant beat expectations last quarter and guided next-quarter sales to $29.4 billion, above the Street’s $28.6 billion.

Yet CEO Hock Tan kept full-year Al semiconductor guidance unchanged at “in excess of $100 billion,” puncturing sky-high expectations.

Near-perfect results were not enough for Wall Street, with the stock collapsing 12.6% Thursday and over 7% on Friday, dragging the entire Al infrastructure complex with it.

The semiconductor sector – tracked via the iShares Semiconductor ETF (NYSE:SOXX) – tumbled more than 10% between Thursday and Friday, ...

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Why Is Nebius Stock Falling On Friday?

Kaustubh Bagalkote — Fri, 05 Jun 2026 18:44:35 +0000

Nebius Group N.V. (NASDAQ:NBIS) stock is experiencing downward pressure on Friday, largely due to a broader cooling of the artificial intelligence infrastructure sector.

Traders are watching multiple headwinds converge on the high-flying tech name, driven by shifting macroeconomic expectations and heavy executive selling.

Hot Labor Market Data Alters Rate Cut Outlook

The U.S. labor market strengthened in May as employers added 172,000 jobs, the Bureau of Labor Statistics reported Friday.

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The monthly increase in total nonfarm payrolls far outpaced the 85,000 mark economists had penciled in.

The hotter-than-expected jobs data arrives less than two weeks before the Federal Reserve's June 16-17 meeting, the first chaired by Kevin Warsh since he succeeded Jerome Powell in May.

Treasury Yields Spike On Hawkish Fed Paths

Markets read the report as unambiguously ...

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