Stock Market Update

[BRIEFING.COM] The S&P 500 (+1.0%), Nasdaq Composite (+1.3%), and DJIA (+0.3%) remain little changed from previous levels shortly after midday.

Amazon (AMZN 242.92, +5.42, +2.28%) trades at session highs after Bloomberg reported the company is considering selling its Trainium AI chips to external data centers in a push to challenge NVIDIA's (NVDA 209.62, +4.97, +2.43%) dominance. 

In other tech news, Marvell (MRVL 327.60, +38.06, +13.14%) and Tower Semi (TSEM 277.60, +10.47, +3.92%) are both surging higher after announcing that they have shipped more than 5 million coherent photonic integrated circuits, a milestone that underscores the growing importance of optical connectivity in AI-driven data center interconnect networks.