Marvell Stock Rebounds 12% on Google AI Deal, but Volatility Stays High
Covered by 2 sources · 2 articles
2 outlets - including Cryptopolitan and Cryptonomist - are covering this story. Marvell Technology has given Google the right to purchase up to 58.97 million of its shares, a position said to be worth about $12.2 billion if fully exercised, with most of the stake being related to Google’s spending on custom chips until…
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Marvell gives Google $12.2 billion stake in custom Ai chip deal, stock surges
Marvell Technology has given Google the right to purchase up to 58.97 million of its shares, a position said to be worth about $12.2 billion if fully exercised, with most of the stake being related to Google’s spending on custom chips until…
Marvell Stock Rebounds 12% on Google AI Deal, but Volatility Stays High
Marvell stock is back in focus after a volatile two-day swing. Shares fell more than 7.9% to $215.75 on Tuesday, then jumped roughly 12% after Marvell confirmed an expanded AI chip partnership with Google, including custom TPU-focused silic…