Marvell Technology Shares Rise as Report Indicates Involvement in Google's AI Chip Development, Broadcom Shares Fall
Marvell Technology's shares rose nearly 6% after reports indicated the company is assisting Google in developing two new AI chips. Broadcom shares fell nearly 2% as a result, though its partnership with Google remains strong. Marvell also received a $2 billion investment from Nvidia in March due to rising AI demand.
Tickers: $AVGO $GOOGL $MAR $MRVL $NVDA
Topics: AI chips Broadcom Google Marvell Tech partnerships