Broadcom stock falls on Marvell's Google AI chip deal: what's worrying investors?
Covered by 2 sources · 2 articles
2 outlets - including Invezz and Thecryptobasic - are covering this story. Broadcom AVGO shares opened lower on Wednesday after Marvell Technology announced a deal to help Google develop custom artificial intelligence chips and gave the Alphabet-owned company an option to acquire as much as $12.2 billion of Marvel…
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Broadcom stock falls on Marvell's Google AI chip deal: what's worrying investors?
Broadcom AVGO shares opened lower on Wednesday after Marvell Technology announced a deal to help Google develop custom artificial intelligence chips and gave the Alphabet-owned company an option to acquire as much as $12.2 billion of Marvel…
Broadcom Loses $87 Billion as Google Gives Marvell Bigger AI Chip Role
Broadcom shares fell nearly 5% on Wednesday after Google expanded its custom-silicon partnership with Marvell Technology, raising concerns that Broadcom could face greater competition for the technology giant’s future artificial intelligenc…