10 Trending AI Stocks in Focus This Week

8. Marvell Technology, Inc. (NASDAQ:MRVL)

Number of Hedge Fund Holders: 73

Marvell Technology, Inc. (NASDAQ:MRVL) is one of the 10 Trending AI Stocks in Focus This Week. On August 18, the company announced that Microsoft has selected the Marvell LiquidSecurity family of hardware security modules (HSMs) for Microsoft Azure Cloud HSM.

Building on their existing collaboration, Marvell will now also support Azure Cloud HSM, in addition to Microsoft Azure Key Vault and Azure Key Vault Managed HSM services.

Azure Cloud HSM enables customers to manage cryptographic keys and perform cryptographic operations within their own dedicated, cloud-based HSM cluster.

Being FIPS 140-3 Level 3 certified, Azure Cloud HSM offers customers secure, direct, end-to-end encrypted access over a private, dedicated link via their virtual network.

The collaboration allows Microsoft Azure customers to enjoy the most secure and compliant key management services available.

“We are excited to extend our collaboration with Microsoft on the Microsoft Azure Cloud HSM service with Marvell LiquidSecurity HSMs. Together, we share a vision to modernize the HSM market and enable Azure customers to leverage the latest security standards for the most demanding, cloud-scale applications.”

-Will Chu, senior vice president and general manager of Custom Cloud Solutions at Marvell.

Marvell Technology, Inc. (NASDAQ:MRVL) engages in the development and production of semiconductors, focusing heavily on data centers.